Goldman Sachs Raises Five Below Price Target to $306 Amid Strong Earnings

Five Below's stock has received an upgraded price target from The Goldman Sachs Group, which now estimates it will reach $306.00. This represents a potential upside of 20.19% from its previous close of $254.60.

The upgrade comes as the company continues to post strong earnings results, with its second-quarter revenue rising 22.9% year-over-year to approximately $1.26 billion, beating analysts' expectations of $1.22 billion.

Management has also raised its outlook for fiscal 2026, increasing revenue guidance to $5.63 billion-$5.71 billion and adjusted EPS to $9.83-$10.31.