Analyst Stephen Macleod of BMO Capital maintained a Buy rating on Aritzia (ATZAF – Research Report), retaining the price target of C$80.00.
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Stephen Macleod has given his Buy rating due to a combination of factors related to Aritzia’s promising growth prospects and market positioning. The company has demonstrated strong web traffic performance, particularly in the U.S., which indicates a positive customer response to their strategic investments, including new flagship store openings and enhanced marketing efforts.
Moreover, Aritzia is seen as well-positioned to capitalize on significant growth opportunities in the U.S. market. The company’s strategic transition towards revenue acceleration and margin expansion is expected to continue into 2025 and 2026, promising robust stock performance. The analyst maintains a target price of $80, reflecting confidence in Aritzia’s ability to deliver strong financial results and capitalize on its growth potential.
According to TipRanks, Macleod is ranked #603 out of 9369 analysts.
In another report released on February 6, Jefferies also initiated coverage with a Buy rating on the stock with a C$85.00 price target.