Needham analyst Tom Nikic has maintained their neutral stance on UAA stock, giving a Hold rating today.
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Tom Nikic has given his Hold rating due to a combination of factors tied to Under Armour’s recent results and medium‑term outlook. While the latest quarter roughly matched management’s guidance, revenue still fell in the low single digits and the company posted a small loss, signaling that the business has not yet returned to a sustainable growth and profitability trajectory.
He also points to a 2027 earnings forecast that is being revised lower and now sits well beneath market expectations, driven in part by a notably elevated tax rate. In addition, he wants clearer proof that the North American business is truly stabilizing and that margin improvements can be maintained, so he prefers to stay on the sidelines until there is more convincing evidence of a durable turnaround.
In another report released today, Telsey Advisory also maintained a Hold rating on the stock with a $6.00 price target.