Roth Capital Reiterates Buy On Pricesmart, Sees 18% Upside For The Stock
Roth Capital analyst Dave King reiterated a Buy rating on Pricesmart (NASDAQ:PSMT) with a price target of $105.00, which represents a potential upside of 18% from where the stock is currently trading.
King noted, “We maintained estimates following EPS that was a penny below consensus, but $0.02 above our estimate on higher revenue and stronger gross margin. Sales growth continued to slow as expected, though it should improve from accelerating store and membership growth and subsiding new store cannibalization over the coming year. We continue to recommend PriceSmart for its quality business model, strong management, leading market position, and robust growth profile.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of -0.6% and a 54.3% success rate. King has a 0.7% average return when recommending PSMT, and is ranked #2537 out of 3354 analysts.