Loop Capital Is Bullish On GMS, Sees Notable Upside

March 18, 2022 11:48 AM | 1 min read |

GMS Inc GMS was initiated by Loop Capital analyst Jeffrey Stevenson, with a Buy rating and a price target of $62, implying an upside of 17%.
The analyst mentions GMS has several positive catalysts that will move the shares higher.
Stevenson thinks the share pullback from recent highs presents an attractive long-term entry point.
Also Read: GMS' Q3 Revenue Surpass Street View, Registers 54% Growth.
Price Action: GMS shares traded higher by 1.32% at $53.06 on the last check Friday.