Analyst Aneesha Sherman from Bernstein maintained a Buy rating on adidas AG (0OLD – Research Report) and keeping the price target at €300.00.
Aneesha Sherman has given her Buy rating due to a combination of factors that highlight Adidas AG’s robust performance and promising outlook. The company reported a significant 17% growth in constant currency terms, surpassing consensus expectations of 11%. This growth was broad-based, encompassing all regions, channels, and categories, which indicates strong demand and confidence among retail partners.
Additionally, Adidas achieved an impressive operating margin of 9.9%, reflecting a 460 basis point improvement year-over-year, driven by gross margin expansion and operational leverage. Despite the uncertain global economic environment, Adidas has maintained its financial guidance, and the company’s strong relationship with suppliers and lower exposure to the US market further support the positive outlook. These factors, combined with an updated EPS forecast for 2025, underpin Sherman’s optimistic Buy rating.
In another report released today, Deutsche Bank also maintained a Buy rating on the stock with a €280.00 price target.