William Blair analyst Sharon Zackfia has maintained their bullish stance on BIRK stock, giving a Buy rating on May 5.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Sharon Zackfia’s rating is based on the strong sales momentum Birkenstock is experiencing across various regions, despite some currency headwinds. The company has shown impressive growth in constant currency terms, particularly in the Americas, EMEA, and APAC regions, which indicates robust demand for its products.
Additionally, Birkenstock’s strategic expansion efforts, such as opening new stores in key locations like Nashville, Paris, and London, further bolster its market presence. The increasing global interest in Birkenstock, as evidenced by rising Google search trends, supports a positive outlook for the brand’s continued growth. These factors contribute to Zackfia’s confidence in maintaining a Buy rating for Birkenstock Holding plc.
In another report released on May 5, UBS also maintained a Buy rating on the stock with a $72.00 price target.