Bernstein lifts Adidas to 'Outperform' and target price to 300 euros

Published: 2025-01-06 14:05:04 ET ADS.DE

NEW YORK (dpa-AFX Broker) - The US analyst firm Bernstein Research has upgraded Adidas from "Market-Perform" to "Outperform" and raised the target price from 212 to 300 euros. After five years of devastating market share losses, Adidas is likely to have grown again last year, analyst Aneesha Sherman wrote in a study available on Monday. Nevertheless, the stock has not moved much in eight months as investors wonder whether management can sustain the new momentum. She believes so. Bernstein's franchise analysis, reviews of distribution channels and feedback from customers suggest that the sporting goods manufacturer will be able to tangibly continue its growth trajectory over the next two years, Sherman wrote./ck/tih

Original study published: 04/01/2025 / 20:09 / UTC

First sharing of the original study: 06/01/2025 / 16:30 / UTC

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