Five Below (FIVE) – Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Five Below (NASDAQ: FIVE) in the last few weeks:

• 8/13/2026 – Five Below was downgraded by BNP Paribas Exane from “strong-buy” to “hold”.
• 8/13/2026 – Five Below was upgraded by Citigroup Inc. from “hold” to “buy”.
• 8/13/2026 – Five Below was downgraded by Cantor Fitzgerald to “neutral”.
• 8/13/2026 – Five Below is now covered by Oppenheimer Holdings, Inc.. They set an “outperform” rating on the stock.
• 8/13/2026 – Five Below was downgraded by The Goldman Sachs Group, Inc. from “buy” to “sell”.
• 8/13/2026 – Five Below was downgraded by Wolfe Research from “outperform” to “peer perform”.
• 8/13/2026 – Five Below is now covered by Benchmark Co.. They set a “buy” rating on the stock.
• 8/13/2026 – Five Below was upgraded by Jefferies Financial Group Inc. from “hold” to “buy”. They now have a $350.00 price target on the stock, up from $210.00.
• 8/13/2026 – Five Below was upgraded by Jefferies Financial Group Inc. from “hold” to “buy”. They now have a $350.00 price target on the stock, up from $210.00.
• 8/11/2026 – Five Below had its price target raised by Mizuho from $220.00 to $260.00. They now have an “outperform” rating on the stock.
• 7/21/2026 – Five Below was downgraded by Susquehanna to “neutral”.
• 7/21/2026 – Five Below is now covered by BMO Capital Markets. They set an “outperform” rating on the stock.
• 7/21/2026 – Five Below was upgraded by HSBC Holdings plc to “hold”.
• 7/21/2026 – Five Below was upgraded by Raymond James Financial, Inc. to “outperform”.
• 7/21/2026 – Five Below was downgraded by Morgan Stanley from “equal weight” to “underweight”.
• 7/21/2026 – Five Below was upgraded by Sanford C. Bernstein from “market perform” to “outperform”. They now have a $250.00 price target on the stock, up from $247.00.
• 7/9/2026 – Five Below is now covered by The Goldman Sachs Group, Inc.. They set a “buy” rating on the stock.
• 7/9/2026 – Five Below was upgraded by Wolfe Research from “cautious” to “outperform”.
• 7/9/2026 – Five Below is now covered by Citigroup Inc.. They set a “market perform” rating on the stock.
• 7/9/2026 – Five Below was downgraded by Royal Bank Of Canada to “sector perform”.
• 7/9/2026 – Five Below was upgraded by Mizuho from “neutral” to “outperform”. They now have a $220.00 price target on the stock, down from $225.00.
• 7/7/2026 – Five Below was given a new $215.00 price target by Evercore Inc.
• 6/23/2026 – Five Below was downgraded by Wolfe Research from “outperform” to “peer perform”.

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.