Analyst Paul Lejuez of Citi maintained a Buy rating on Amer Sports, Inc., retaining the price target of $50.00.
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Paul Lejuez has given his Buy rating due to a combination of factors that suggest Amer Sports, Inc. is poised for growth despite recent challenges. Lejuez anticipates that the company’s third-quarter sales and earnings per share will align with consensus expectations, following a positive investor day pre-announcement. Although there have been concerns due to incidents like the Arc China fireworks and a European sports equipment investigation, these are seen as temporary setbacks. The long-term growth potential for the Arc’teryx brand remains strong, and Salomon’s global expansion, particularly in the U.S., is expected to continue.
Furthermore, management is expected to guide fourth-quarter sales and earnings slightly below consensus but still indicative of strong growth. The company plans to raise its full-year 2025 revenue and earnings guidance, reflecting confidence in its performance. Additionally, improvements in web traffic and spending data support the view that Amer Sports is a best-in-class growth story, making the risk/reward profile favorable.
In another report released on October 27, Truist Financial also initiated coverage with a Buy rating on the stock with a $42.00 price target.