Swedish textile recycler Syre to partner with Gap, Target as demand for sustainable clothing grows
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Partnership for Sustainable Fashion: H&M-backed Syre will supply recycled polyester to U.S. retailers Gap and Target, aiming to meet rising consumer demand for sustainable fashion and comply with stricter regulations.
Expansion Plans: Syre plans to produce over 3 million metric tons of recycled polyester by 2032, with new factories in North Carolina and Vietnam, while also securing commitments from other companies like Houdini to source their polyester from Syre.
Analyst Views on GAP
Wall Street analysts forecast GAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GAP is 31.07 USD with a low forecast of 25.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
12 Buy
3 Hold
0 Sell
Strong Buy
Current: 27.210
Low
25.00
Averages
31.07
High
41.00
Current: 27.210
Low
25.00
Averages
31.07
High
41.00
About GAP
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men, and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women, and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in-store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories; GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
