Overview
- Shares are up about 15% year to date and are trading near $1,000 as of Feb. 22.
- January net sales reached $21.33 billion, rising 9.3% from a year earlier.
- Digitally enabled sales jumped roughly 34% year over year in January, accelerating from December.
- Evercore ISI raised its price target to $1,050 after a modest Q2 beat, and Citi lifted its target to $1,000 with a Neutral rating.
- The stock trades around 53 times trailing earnings and about 49 times forward estimates, and one analyst flagged roughly $830 as a preferable entry point.