Gap Perks up the Interest of Shoppers and Wall Street Alike

Stock price of apparel chain Gap Inc. has surged 37 percent to $25.48 this year through Thursday after hitting a 10-year closing high on March 26.

Analysts are raising their price targets to $28 and higher, levels not seen since the company began to lose its footing in 2001.

The turnaround comes as U.S. same-store sales rose 3.9 percent in March, beating the estimate for a 3.3 percent gain.