William Blair analyst Sharon Zackfia has maintained their bullish stance on BIRK stock, giving a Buy rating on December 5.
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Sharon Zackfia’s rating is based on several factors that highlight the positive trajectory of Birkenstock Holding plc. The company has shown strong brand momentum, particularly in the fourth quarter, with expected revenue growth of at least 14% on a reported basis and 18% on a constant-currency basis. This growth is anticipated to be driven by significant increases in the APAC region and steady growth in the Americas and EMEA.
Additionally, Birkenstock’s strategic focus on wholesale as a customer acquisition channel is expected to continue outperforming direct-to-consumer (DTC) growth. The company’s flexible production and distribution model allows it to effectively navigate between wholesale and DTC channels, catering to younger consumers who prefer shopping in multi-brand stores. This adaptability, combined with projected increases in both wholesale and DTC sales, supports the Buy rating given by Zackfia.
According to TipRanks, Zackfia is a 4-star analyst with an average return of 5.6% and a 47.24% success rate. Zackfia covers the Consumer Cyclical sector, focusing on stocks such as Planet Fitness, Birkenstock Holding plc, and CarMax.
In another report released on December 5, Goldman Sachs also reiterated a Buy rating on the stock with a $64.70 price target.