Will GPS stock rise 4% in FY 2024?

Notably, GPS’ peer Guess (NYSE: GES) has seen its stock rise 4% over the same course of time. In FY 2024, Gap calls for roughly flat net sales while delivering low to mid-teens operating income growth and at least a 50 basis point gross margin expansion. The company expects Old Navy and Gap brands to continue to perform well in FY’24.

Is GPS stock a good buy?

Wall Street analysts are cautiously optimistic about GPS stock. With seven Buys, six Holds, and one Sell recommendations, GPS stock has a Moderate Buy consensus rating. GPS stock is up about 194% in one year. The is $23.82, implying a 5.77% upside potential from current levels.

How has GPS stock performed in 2021?

GPS stock has seen little change, moving slightly from levels of $20 in early January 2021 to around $20 now, vs. an increase of about 40% for the S&P 500 over this roughly 3-year period. Overall, the performance of GPS stock with respect to the index has been quite volatile. Returns for the stock were -13% in 2021, -36% in 2022, and 85% in 2023.