Victoria’s Secret shares moved closer to a key chart level as recent earnings gains and comparable-sales momentum drew investor attention. Wells Fargo raised its price target, reflecting confidence in the retailer’s turnaround, but the company still needs to show that sales growth and margin improvement can hold up in coming quarters.
Shares approach the $102.46 cup-with-handle entry
At 1:34 p.m. ET on Nov. 3, 2026, Victoria’s Secret (VSXY) traded at $100.38, up $1.83, or 1.85%. The stock was nearing the $102.46 buy point associated with a cup-with-handle pattern and had already moved above an earlier entry reference of $93.39. The quote is not real-time.
The stock’s relative strength line reached a five-year high, indicating stronger recent performance compared with the broader market. Its IBD Composite Rating was 95 out of 99, while its industry group ranked 119th out of 197. The chart pattern had formed over at least six weeks and as long as a year; its reference buy point is set 10 cents above the pattern’s left-side high.
Wells Fargo lifts price target to $120
On Tuesday, Wells Fargo analyst Ike Boruchow raised his price target for Victoria’s Secret to $120 from $100 and maintained an Overweight rating. He sees comparable-sales growth continuing and expects international expansion to help drive sales growth into double-digit territory.
Boruchow also expects margins to expand. He forecasts fiscal 2028 earnings per share of $9.50, well above the consensus estimate of $6.40. That outlook reflects a more optimistic view of the company’s post-turnaround earnings potential; results will depend on whether sales growth persists and cost and margin improvements materialize.
Coming quarters will test the earnings recovery
Victoria’s Secret has delivered faster earnings growth in recent quarters, with product changes seen as one factor supporting the improvement. For a retailer, comparable sales offer a measure of demand at established stores, while international expansion provides another potential source of growth. Whether either translates into sustained earnings will become clearer in future results.
The shares are now close to the chart’s cited entry point, and Wells Fargo’s higher target signals optimism about sales and margins. But price targets and earnings forecasts are analyst estimates, not company commitments. Investors will be watching comparable-sales growth, the contribution from international markets and evidence of margin improvement in reported results.