{
  "id": 3949769,
  "title": "Wells Fargo raises Gap stock price target to $23 on Old Navy resilience",
  "url": "https://urgent.news/2026/08/28/wells-fargo-raises-gap-stock-price-target-to-23-on-old-navy-resilience",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T11:18:43.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/wells-fargo-raises-gap-stock-price-target-to-23-on-old-navy-resilience-93CH-4881004"
  },
  "original_language": "en",
  "account": "Wells Fargo has increased its price target for Gap Inc. (NYSE:GAP) stock to $23.00, up from $22.00. The investment firm maintains an Equal Weight rating on the stock, citing Old Navy's performance that surpassed investor expectations. Gap's Gap and Banana Republic brands have proven resilient, offsetting Old Navy's challenges. The company's comparable sales trend shows improvement, with margin pressure remaining limited. The $23 price target translates to a valuation of 9 times fiscal 2027 price-to-earnings ratio. The stock's current P/E ratio stands at 8.48, with InvestingPro data suggesting undervaluation, with a Fair Value of $24.70. Wells Fargo's optimism about Gap's second-half plan is reflected in the updated price target. The firm's second-quarter earnings report exceeded expectations, posting adjusted earnings per share of $0.52, outpacing Wall Street's forecast of $0.49. Revenue for the quarter was $3.7 billion, aligning with market expectations despite a 2% year-over-year decline. Gap raised its full-year outlook for earnings, operating margin, and gross margin following these results. UBS has raised its price target for Gap to $42, maintaining a Buy rating, anticipating improvements in earnings per share growth driven by initiatives in beauty and handbag businesses. These updates signify positive analyst and company outlooks for future performance.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Morgan Stanley raises Gap stock price target to $23 on margin strength",
        "url": "https://urgent.news/2026/08/28/morgan-stanley-raises-gap-stock-price-target-to-23-on-margin-strength",
        "published": "2026-08-28T11:24:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}