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Ross Stores Plunges 11.97% After Guidance Withdrawal
Generated by AI AgentAinvest Pre-Market Radar
Monday, May 26, 2025 4:26 am ET1min read
On May 26, 2025,
experienced a significant drop of 11.97% in pre-market trading, marking a notable decline in its stock performance.Ross Stores has been one of the worst-performing stocks on Friday, with its shares plummeting due to the company withdrawing its full-year guidance amid escalating challenges. This move has raised concerns among investors about the company's future prospects and financial stability.
Analysts from
Capital have decreased their price objective for Ross Stores from $175.00 to $170.00, maintaining a "buy" rating for the company. This adjustment reflects the current market sentiment and the challenges faced by the retailer.Bernstein analysts have maintained a Market Perform rating for Ross Stores, with a steady price target of $147.00. This rating suggests a cautious outlook on the company's stock performance in the near future.
TD Cowen analysts have also adjusted their outlook on Ross Stores, cutting the stock price target to $161. This revision indicates a more conservative view on the company's potential for growth and profitability.
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