Their price target is $85...
Remember that time Citi downgraded KORS right before earnings and it took off like a rocket shortly after? Yeah, that was cute. I think they just wanted cheap shares for their clients.
I don't know where the price of KORS goes in the long run. I do know that Barclays has by far the worst track record for predictions in the industry, at least according to one analyst ratings website.
That price target seems quite low as KATE has a much higher valuation along with UA. This stock still hasn't reached its potential with the growth were seeing. I still can't put my finger as to why unless their still punishing for past secondarys?
0r is this the start of another Chen story for the 4th quarter lol.