William Blair analyst Sharon Zackfia has reiterated their bullish stance on BIRK stock, giving a Buy rating yesterday.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Sharon Zackfia has given his Buy rating due to a combination of factors tied to Birkenstock Holding plc’s recent performance and outlook. She notes that the company’s preliminary first-quarter revenue came in essentially in line with market expectations and slightly ahead of her own forecast, reflecting solid underlying demand. Moreover, when stripping out currency fluctuations, Birkenstock’s constant-currency growth was notably stronger than anticipated, demonstrating robust momentum in the core business despite a sizable headwind from a weaker U.S. dollar.
In addition, Zackfia is focused on the forthcoming investor day, where management is expected to present three-year financial objectives and more detailed growth pillars. She views this upcoming event as a potential catalyst that can provide greater visibility into Birkenstock’s long-term strategy, including expansion opportunities and operational drivers. The combination of resilient top-line growth, strong constant-currency performance, and anticipated clarification of multi-year targets underpins her conviction that the stock offers attractive upside, supporting her Buy recommendation.
Zackfia covers the Consumer Cyclical sector, focusing on stocks such as Planet Fitness, Lululemon Athletica, and Royal Caribbean. According to TipRanks, Zackfia has an average return of 8.1% and a 51.18% success rate on recommended stocks.
In another report released yesterday, Telsey Advisory also maintained a Buy rating on the stock with a $60.00 price target.