Stock Track | Boot Barn Soars 5.78% Intraday Following Multiple Analyst Price Target Increases

Stock Track02-05

Boot Barn Holdings Inc. (BOOT) experienced a significant price surge of 5.78% during intraday trading on Thursday, with the upward movement occurring at the market open.

The rally was fueled by a wave of positive analyst actions issued in pre-market hours. Piper Sandler raised its price target to $230 from $229, maintaining an Overweight rating. Citi increased its target to $232 from $230 and reiterated a Buy rating. UBS lifted its target to $267 from $265, also keeping a Buy rating. Furthermore, BTIG maintained its $235 price target on the shares.

This collective bullish stance from several financial institutions indicates strong analyst confidence in Boot Barn's business outlook and valuation, which prompted heightened investor buying activity as trading commenced.

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