Carter's Shares Rise 3% After Goldman Upgrade

Carter's Inc stock jumped about 3% as Goldman Sachs upgraded the rating to Neutral and lifted the 12‑month target to $38.
Q4 FY2025 results beat forecasts, posting $925 million revenue and $1.90 adjusted EPS per share versus $1.56 expected for the quarter.
Goldman projects ~4% U.S. revenue growth in FY2026, driven by higher‑income consumers and a shift to Instagram, YouTube and TikTok ads.
Needham initiated coverage with Hold rating, noting three straight quarters of positive DTC comparable sales but flagging macro risks.