TD Cowen raised the firm’s price target on Adidas to EUR 209 from EUR 158 and keeps a Market Perform rating on the shares. The analyst says the company’s outlook for low-double-digit revenue growth in the second half of 2024 along with continued confident commentary from CEO Bjorn Gulden on the ability to reach a 52% gross margin and 10% EBIT margin by fiscal 2026 supports the stock’s valuation.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ADDYY:
- Adidas AG (ADDYY) Q4 Earnings Cheat Sheet
- Adidas initiated with an Overweight at Barclays
- Adidas upgraded to Outperform from Sector Perform at RBC Capital
- Adidas price target lowered to EUR 227 from EUR 230 at JPMorgan
- Adidas price target lowered to EUR 200 from EUR 220 at Deutsche Bank
Questions or Comments about the article? Write to editor@tipranks.com