Schwab Network on $ROST (Oct 26, 2026)
UBS upgraded Ross Stores to buy from neutral and lifted its target to 315 from 239, on sales momentum that could extend beyond this year and on a larger-than-expected store-productivity gap with TJX that the CEO's strategies have narrowed; the speaker says it remains to be seen whether that hypothesis holds up.
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Let's talk about Ross Stores getting an upgrade. Yes, the stock is receiving more attention from Wall Street. His performance has been outstanding, whether we're talking about performance since the beginning of the year or on an annual basis.
Ross Stores stock entered the day more than 25% higher, and they are continuing to build on those gains now. On an annual basis, the performance was better, rising by more than 40%.
UBS has upgraded its recommendation for Ross Stores stock from neutral to buy. They raised the target price to 315, from 239, an increase of over 30%.
The analyst says the sales momentum he is seeing at this company, which specializes in selling products at discounted prices, could continue beyond this year.
They believe there is room to catch up with TJX. They believe there is a larger-than-expected gap in store productivity between Ross and TJX, the parent company of TJ Maxx, Marshalls and HomeGoods.
Therefore, UBS believes Ross has more room to grow and increase sales than its current stores. They attribute the narrowing of the gap between them and TJX to the CEO's strategies .
So, they are building on a strong year so far . We will see if this hypothesis holds up.
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