In a report released today, Lorraine Hutchinson from Bank of America Securities reiterated a Buy rating on Amer Sports, Inc., with a price target of $46.00.
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Lorraine Hutchinson’s rating is based on Amer Sports, Inc.’s strong growth prospects and strategic initiatives. The company has reiterated its medium-term targets, expecting revenue to grow from low double digits to mid-teens, with operating margin improvements driving earnings per share to over $2.50 by the fiscal year 2030. This growth is anticipated to be more robust at the start of the forecast period, supported by significant expansion opportunities across its brand portfolio.
Furthermore, the company is focusing on key growth pillars, particularly for its Arc’teryx brand, which has seen substantial growth in women’s and footwear categories. The expansion in North America presents a significant opportunity, with plans to increase store count and improve retail metrics. The company has also raised its revenue guidance for the third quarter, reflecting strong sales momentum, particularly for Arc’teryx and Salomon, which supports the Buy rating and an increased price objective of $46.