Wells Fargo Sees 'Significant' 2028 EPS Potential For Victoria's Secret, Raises Target To $120

What happened

Wells Fargo raised its price target on Victoria's Secret to $120 from $100 and kept an 'Overweight' rating, according to The Fly. The analyst cited strong comparable-sales momentum and significant potential 2028 earnings per share.

Confirmed

Global impact / market context

A higher target signals the analyst expects more profit per share ahead, helped by sales momentum and higher profit margin targets, which means more of each sales dollar becomes profit. That can draw investor attention and support the stock price.

Analyst inference

Other analysts have also raised targets, and most now rate the shares Buy, though their average target sits below Wells Fargo's. Victoria's Secret stock is up over 9% in the past month, showing investors already expect a turnaround.

Analyst inference

What to watch

1. Watch Victoria's Secret third-quarter report, which analysts have been awaiting amid signs of momentum in transactions and store traffic, as Barclays noted before the results. Confirmed
2. Watch whether profit margin targets move higher as Wells Fargo expects, since higher margins would turn more sales into profit and support the 2028 earnings potential. Analyst inference
3. Watch whether other analysts lift their price targets toward Wells Fargo's $120, because broader upgrades could change how investors position themselves in the stock. Proposed

Evidence

• stocktwits.com