The Globe and Mail reports in its Thursday, Jan. 8, edition that Raymond James analyst Michael Glen, ahead of the release of Aritzia's third quarter fiscal 2026 results on Thursday, elevated his share target to $130 from $110 with an unchanged "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $124.01. Mr. Glen says in a note: "These updates are based on observed sales data, favourable weather trends and implications for seasonal categories (e.g. sweaters, Super Puff), positive on-line traffic indications (plus mobile app launch), and our view that promotion activity has remained relatively muted. With that, we are increasing our forecast for total comp growth to 18.3 per cent (was 11.7 per cent), which now incorporates retail SSSG 15 per cent and e-commerce growth of 25 per cent. We are also increasing our F3Q gross margin to 46.5 per cent (previously 46 per cent/consensus 46.3 per cent) but believe there is upside given optimized inventory levels. ... Typical Q2 to Q3 gross margin seasonality offers a 550 basis points lift, with our current forecast embedding a 270 bp lift (each 100 bps of gross margin adds 6 cents to our F3Q EPS)."