01:44 PM EST, 01/09/2025 (MT Newswires) -- BMO has raised its one year target on Aritzia ( ATZAF ) to $65, and kept its Outperform rating.

Analyst Stephen MacLeod notes that takeaways from its December web traffic analysis on Aritzia ( ATZAF ) are positive. Web traffic in December increased (+32% y/y vs. +13% in November). Canada returned to growth for the first time in six months (+3%) and U.S. growth accelerated sequentially (+78% vs. +36% Nov/24).

According to MacLeod, the strong traffic numbers represents a solid start to Aritzia's ( ATZAF ) fiscal fourth-quarter, and reflects positive consumer response to increased marketing investments alongside three significant flagship openings between late-November and mid-December.

"We believe Aritzia ( ATZAF ) is well-positioned to execute on its significant U.S. growth opportunity."

Price: 57.91, Change: +0.87, Percent Change: +1.53