The Globe and Mail reports in its Wednesday, Oct. 29, edition that Raymond James analyst Michael Glen continues to rate Aritzia "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Glen gave his share target a $10 boost to $110. Analysts on average target the shares at $99.64. Mr. Glen continues to view the clothing retailer's fiscal 2026 guidance as "very conservative (particularly F3Q) given weather has now shifted to a tailwind on seasonal product in many markets plus early mobile app download success." Mr. Glen says in a note: "Focal points were the drivers of comp acceleration and the underlying growth algorithm, which we expect to be more topical as we move closer to the F4Q comp of up 26 per cent. F2027 consensus is reflecting sales growth of $440-million (up 13 per cent year-over-year) and we look closely at the four distinct buckets that will support this growth. We also slightly moderate or 2H forecast to better align with guidance. ... Current sales/ft. trending much better than budget, with current paybacks less than 12 months. We estimate F2025 sales/ft. in $1,700 range, which could drive $250-million-plus of rolling new store sales over next 12 months."
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