Why Five Below Stock Popped by 8% on Tuesday
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Five Below's stock surged by over 8% following Citigroup analyst Paul Lejuez's price target increase from $80 to $121, citing strong first-quarter earnings expectations. The company's comparable sales are projected to rise nearly 7% year-over-year, exceeding previous guidance. Despite the optimistic sales outlook, Lejuez maintained a neutral recommendation, noting that earnings may remain unchanged due to tariffs. Some analysts believe the stock is a buy, anticipating a positive shift in the retail market.
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