Street calls of the week: Micron downgrade, upgrade for Kroger
JPMorgan projects a favorable near-term outlook for OLLI, bolstered by a robust closeout deal environment, an enhanced competitive landscape, and steadfast execution that collectively contribute to the growth of same-store sales. Looking ahead, the investment bank anticipates a significant acceleration in “organic” unit growth, expecting it to reach double digits by FY25 and beyond.
Overweight at JPMorgan means “over the duration of the price target indicated in this report, we expect this stock will outperform the average total return of the stocks in the Research Analyst’s, or the Research Analyst’s team’s, coverage universe.”Ollies Bargain Outlet opened the regular session at $90.55 and closed at $95.98, a gain of 9.43% from the prior day’s regular close.
Additionally, BMO analysts foresee a favorable outcome regardless of whether a deal is made or not. As a result, BMO Capital has increased its Fiscal Year 2025 EPS estimate to $4.49 , Fiscal Year 2026 EPS to $4.65 , and set a target price of $60, applying a 13x multiple to the two-year forward P/E ratio, which was previously between 12x and 13x.
Over the past year, IRTC’s EV/revenue ratio has averaged 5.5 times, and since its IPO, the average has been nearly 9 times. Compared to 30 small to mid-sized medical technology companies that currently average nearly 3.5 times, Wolfe argues that a premium of 5x is justified for the equity. The rationale behind this premium is IRTC’s expected high-teen percentage revenue growth for the next year, surpassing the low-teen percentage growth anticipated for the comparison group.
Outperform at Wolfe means “The security is projected to outperform analyst's industry coverage universe over the next 12 months.”
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