Canada Goose Holdings ( NYSE: GOOS ) is included on Evercore ISI's Tactical, Action & Positioning List.
Analyst Omar Saad and team believe GOOS stock is poised to significantly outperform over the next couple quarters, driven by upside to both sales and margin expectations in the second half of the fiscal year. The bullish thesis on GOOS is that high-end consumers flush with cash look to splurge post-COVID, particularly in the hot outerwear category.
The firm has an Outperform rating on Canada Goose ( GOOS ).
Wall Street is generally bullish on Canada Goose ( GOOS ) with 7 Buy-equivalent ratings on the books vs. 4 Hold-equivalent ratings and 2 Sell-equivalent ratings.
Shares of Canada Goose ( GOOS ) have started off 2023 on a hot streak, including a 4.86% increase on Wednesday and a 2.48% gain in the premarket session on Thursday. The stock is one the names mentioned from the retail sector as potentially seeing a benefit with COVID restrictions easing in China.
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Canada Goose is on Evercore's list of stocks to watch for 2023