Five Below price target raised to $217 from $196 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Five Below to $217 from $196 and keeps a Buy rating on the shares ahead of its Q4 results as part of a broader research note on the Consumer sector. The analyst is seeing "solid sales trends" based on the firm’s Proprietary Card Transaction Data, benefiting from a strong holiday sales surge and easy January comparisons. The firm also notes that the higher price target reflects an expansion in the market multiple, though it remains bullish on Five Below’s long-term growth potential and forecasts further upside.