Amer Sports, Inc., the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Jay Sole from UBS reiterated a Buy rating on the stock and has a $54.00 price target.
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Jay Sole has given his Buy rating due to a combination of factors that highlight Amer Sports, Inc.’s strong performance and growth potential. The company has increased its FY25 EPS guidance, suggesting a positive outlook and potential for earnings growth. This adjustment is expected to lead to a rise in sell-side consensus estimates, indicating confidence in the company’s future performance.
Additionally, Amer Sports delivered a strong Q3 performance, exceeding expectations in sales and gross margin percentages. The company’s robust revenue growth in key markets, particularly in Greater China, further supports the Buy rating. Despite a conservative Q4 guidance, Jay Sole believes that Amer Sports’ historical pattern of conservative estimates makes this outlook achievable, reinforcing the company’s position as a leading growth stock in the Softlines sector.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $46.00 price target.