Rose's (ROSTdragonflyingtiger.US) gaped higher, rising more than 9% during the session to US$144.37, and its stock price hit a new high since April 2.

Ross's released results showing that sales in the first quarter of 2024 were US$4.86 billion, a year-on-year increase of 8.1%, slightly higher than analysts 'expectations of US$4.83 billion; earnings per share were US$1.46, up from US$1.09 in the same period last year, and also higher than analysts' expectations of US$1.36.

After the announcement of exceeding expectations results, many investment banks raised their target prices, includingdragonflyingtiger：

TD Cowan: Maintain its buy rating and raise its target price from $173 to $176;

Citigroup: Maintain its buy rating and maintain its target price of $172;

Bank of America Securities: Maintain buy rating and maintain target price of US$170;

Barclays Bank: Maintain its buy rating and raise its target price from $163 to $165;

Morgan Stanley: Maintain its buy rating and raise its target price to $161 from $159.

UBS: Maintain its neutral rating and raise its target price from $145 to $147.