Gap, Inc. (GAP) saw its stock price surge by 5.02% during intraday trading on Wednesday, reflecting strong investor confidence in the retail giant.
The rally followed a report from Barclays analyst Adrienne Yih, who reiterated a Buy rating on Gap Inc and set a price target of $30.00. The endorsement from Barclays likely fueled buying activity, as investors reacted positively to the bullish outlook.