Amer Sports, Inc. (AS) has received a new Buy rating, initiated by Piper Sandler analyst, Anna Andreeva.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Anna Andreeva’s rating is based on the strong performance and growth potential of Amer Sports, Inc. The company has shown impressive sales growth across its key segments, including Technical Apparel, Outdoor Performance, and Ball & Racquet, with notable acceleration in the last two quarters. This growth is particularly driven by the Salomon and Wilson brands, which have been performing exceptionally well.
Furthermore, Amer Sports has a conservative long-term growth algorithm that suggests continued sales growth and EBIT margin expansion. The company’s strategic focus on expanding its presence in China and maintaining momentum in the US market are also critical factors in the positive outlook. Additionally, the valuation of Amer Sports suggests potential for multiple expansion, making it an attractive investment opportunity. Overall, the combination of strong brand execution, market expansion, and favorable financial metrics supports the Buy rating.
In another report released on June 13, TD Cowen also maintained a Buy rating on the stock with a $41.00 price target.