Jefferies upgraded the discount store chain on Thursday and said its stock could rise more than 40% from here.
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Shares have gained more than 50% so far in 2025.
The company hit an all-time high earlier in December, and the stock is up more than 19% — outpacing the S&P 500's 17% advance.
David Keller goes through the technical outlook of this retail stock.
Jefferies forecasts shares of Gap adding 24% from here.
The bank upgraded the discount store chain to overweight from equal weight.
Loop Capital sees shares rising 25% from here.
