Dick's Sporting Goods Price Target Raised to $215 by Wells Fargo Analysts

Wells Fargo analyst Ike Boruchow has raised the price target for Dick's Sporting Goods (DKS) to $215, a 14.97% increase, while maintaining an "Equal-Weight" rating. This adjustment reflects Wells Fargo's optimistic outlook on DKS as a stable investment within its category. Analysts have raised their price targets for DKS, with an average target of $215.07 and a high estimate of $270.00. The average brokerage recommendation is 2.5, indicating "Outperform" status.

Wells Fargo analyst Ike Boruchow has raised the price target for Dick's Sporting Goods (DKS) to $215, a 14.97% increase, while maintaining an "Equal-Weight" rating. This adjustment reflects Wells Fargo's optimistic outlook on DKS as a stable investment within its category. Analysts have raised their price targets for DKS, with an average target of $215.07 and a high estimate of $270.00. The average brokerage recommendation is 2.5, indicating "Outperform" status.

Dick's Sporting Goods offers sports and outdoor apparel, footwear, and equipment online and in about 900 US stores. It operates stores under its own name, as well as outlets, golf specialty stores under the Golf Galaxy name, and outlets. Dick's carries private-label merchandise and national brands such as Nike, Adidas, and many others. In 2025, the company agreed to purchase international athletic footwear and apparel retailer Foot Locker for $2.4 billion in equity value. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chair and controlling shareholder Edward Stack.

The recent upward revisions in price targets for DKS indicate optimism about the company's future performance. Analysts have been positive about DKS, with Loop Capital raising its price target from $180.00 to $215.00, a 19.44% increase. DA Davidson maintained a "Buy" rating with a price target of $230.00, while B of A Securities lowered its price target from $250.00 to $240.00. Despite some variations, the overall trend favors upward revisions, suggesting a positive outlook on DKS's future prospects.

Wells Fargo's new price target of $215.00 reflects the company's strong fundamentals and the positive outlook from other analysts. The company's recent earnings and revenue growth have exceeded expectations, further bolstering the confidence of analysts. The acquisition of Foot Locker also positions DKS for future growth opportunities.

[1] https://www.gurufocus.com/news/3061905/wells-fargo-raises-price-target-for-dicks-sporting-goods-dks-to-215-dks-stock-news
[2] https://www.investing.com/news/analyst-ratings/wells-fargo-raises-hanesbrands-stock-price-target-to-5-on-takeover-reports-93CH-4187597
[3] https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47127970/cisco-ai-orders-top-2-billion-but-2026-outlook-leaves-investors-wanting-more