Gap rises as quarterly comparable sales, profit top estimates

Apparel maker Gap's GAP.N shares rise 4% to $24 premarket

Co beats Wall St expectations for Q3 comparable sales and profit helped by strong marketing-driven demand for its Old Navy and Banana Republic brand apparel

In Q3, comparable sales rose 5%, beating expectations of 3.26% growth, according to data compiled by LSEG

Q3 rev up 3% to $3.94 billion vs analysts' expectations of $3.91 billion; reports adj EPS of 62 cents vs consensus estimate of 59 cents

J.P.Morgan raises PT to $36 from $32 following results

Avg rating of 20 analysts is a "buy"; their median PT is $27, according to data compiled LSEG

Up to Thursday's close, stock had fallen 2.5% YTD