Ross Stores (ROST) Stock Forecast & Price Target

$151.56

-1.26 (-0.82%)

(As of 09/27/2024 08:51 PM ET)

Ross Stores - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
3

Buy
14

Based on 17 Wall Street analysts who have issued ratings for Ross Stores in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 3 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for ROST.

Consensus Price Target

$169.71
11.97% Upside

According to the 17 analysts' twelve-month price targets for Ross Stores, the average price target is $169.71. The highest price target for ROST is $190.00, while the lowest price target for ROST is $135.00. The average price target represents a forecasted upside of 11.97% from the current price of $151.56.

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ROST Analyst Ratings Over Time

Type	Current Forecast 10/1/23 to 9/30/24	1 Month Ago 9/1/23 to 8/31/24	3 Months Ago 7/3/23 to 7/2/24	1 Year Ago 10/1/22 to 10/1/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	14 Buy rating(s)	15 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$169.71	$169.71	$159.06	$127.00
Forecasted Upside	11.97% Upside	12.68% Upside	10.15% Upside	12.44% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ROST Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ROST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ross Stores Stock vs. The Competition

Type	Ross Stores	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.88	2.48	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	11.97% Upside	40.24% Upside	6.17% Upside
News Sentiment Rating	Positive News See Recent ROST News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/23/2024	Gordon Haskett 4 of 5 stars	C. Grom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/23/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$147.00 ➝ $167.00	+8.46%
8/23/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$160.00 ➝ $175.00	+13.66%
8/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$163.00 ➝ $178.00	+15.61%
8/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$165.00 ➝ $175.00	+10.42%
8/23/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $190.00	+24.57%
Get the Latest News and Ratings for ROST and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Ross Stores and its competitors with MarketBeat's FREE daily newsletter.
8/23/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$173.00 ➝ $185.00	+21.30%
8/23/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$160.00 ➝ $175.00	+14.74%
8/23/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$162.00 ➝ $180.00	+18.02%
8/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $180.00	+18.02%
5/24/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$165.00 ➝ $170.00	+17.37%
5/24/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$155.00 ➝ $165.00	+25.13%
3/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$143.00 ➝ $163.00	+9.26%
3/6/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$138.00 ➝ $165.00	+10.63%
3/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$135.00 ➝ $147.00	+1.93%
3/6/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$147.00 ➝ $172.00	+15.30%
3/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$150.00 ➝ $163.00	+9.27%
8/20/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$136.00 ➝ $142.00	+19.61%
6/29/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Initiates
6/29/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$112.00	+3.38%
6/26/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Downgrade
3/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$123.00	+12.91%
3/1/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$121.00 ➝ $120.00	+10.44%
11/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$103.00	-8.08%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:29 AM ET.

Should I Buy Ross Stores Stock? ROST Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Ross Stores pros and cons to contact@marketbeat.com.

Ross Stores
Bull Case

Here are some ways that investors could benefit from investing in Ross Stores, Inc.:

Ross Stores, Inc. recently reported a strong quarterly earnings performance, beating analysts' consensus estimates. This indicates the company's ability to generate solid profits.
The company has a healthy return on equity of 42.43%, showcasing efficient utilization of shareholder funds to generate earnings.
Ross Stores, Inc. has a moderate payout ratio of 24.79%, indicating that the company is distributing a reasonable portion of its earnings as dividends while retaining the rest for growth and reinvestment.
Several equity analysts have upgraded their price targets for Ross Stores, Inc., signaling positive sentiment and potential future stock price appreciation.
With a current dividend yield of 0.97%, Ross Stores, Inc. offers investors a source of passive income through regular dividend payments.

Ross Stores
Bear Case

Investors should be bearish about investing in Ross Stores, Inc. for these reasons:

The stock price of Ross Stores, Inc. has a price-to-earnings ratio of 25.38, which may be considered relatively high by some investors, potentially indicating an overvalued stock.

ROST Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Ross Stores is $169.71, with a high forecast of $190.00 and a low forecast of $135.00.
: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last twelve months. There are currently 3 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ROST shares.
: According to analysts, Ross Stores's stock has a predicted upside of 11.97% based on their 12-month stock forecasts.
: Over the previous 90 days, Ross Stores's stock had 1 upgrade by analysts.
: Ross Stores has been rated by research analysts at Bank of America, Barclays, Gordon Haskett, Loop Capital, Morgan Stanley, Robert W. Baird, TD Cowen, Telsey Advisory Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Ross Stores more than other "retail/wholesale" companies. The consensus rating for Ross Stores is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how ROST compares to other companies.