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Wajeeh Khan

Jefferies Just Upgraded Five Below Stock. Here's Why.

Five Below Five Jefferies Randal Konik

Five Below (FIVE) shares extended gains on Thursday after Jefferies issued a bullish note in favor of the Philadelphia-headquartered chain of discount retail stores. Analyst Randal Konik upgraded FIVE this morning and raised his price target to $350, indicating potential upside of more than 40% from current levels.

Konik’s research note arrives at a time when Five Below stock is already on an uptrend, currently up more than 35% versus its July low.

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