10 Stocks That Analysts Think Will Go Up

7. Bath & Body Works, Inc. (NYSE:BBWI) 

Bath & Body Works, Inc. (NYSE:BBWI) is a specialty retailer of body care, home fragrances, and soap & sanitizer products. The company distributes its products under the White Barn, Bath & Body Works, and other brands. It sells its products through e-commerce sites and retail stores. The company’s shares surged as it was upgraded recently by J.P. Morgan from Neutral to Overweight.

This upgrade was due to the company’s steady revenue growth and the upside for accelerating growth opportunities through collaboration with Disney and other strategic expansions. After this upgrade, the company seems to be well-positioned for a potential turnaround in revenue and profitability. Bath & Body Works’ collaboration with Disney is projected to maintain sales momentum after the holiday season.

Moreover, this collaboration highlights the company’s largest partnership so far which provides a diverse portfolio of products at a wide price range, including a high-value option at $99.95. This indicates the highest price point, exceeding the previous collaborations’ high price of $79.95.

On the timing of the [Disney] launch, we note a favorable year-over-year comparison on same-store-sales in the month of February, as management on the Q1 2024 earnings call cited ‘at the beginning of the quarter, we leverage promotion to help drive traffic, in light of a floor set that wasn’t resonating with our customers.