Bernstein analyst Aneesha Sherman lowered the firm’s price target on Adidas (ADDYY) to $137.91 from $149.02 and keeps an Outperform rating on the shares. The firm notes Adidas wrapped up a very strong 2025 but put out 2026 guidance that was shy of prior targets on top and bottom line, triggering concerns of a slowdown in demand. Bernstein sees the guide as conservative, as is typical with this management team, but given the external uncertainty and portfolio transitions, the firm doesn’t expect the stock to rebound just yet, until investors can underwrite a clear 2026 beat.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADDYY:
- Adidas price target lowered to EUR 190 from EUR 220 at Jefferies
- Adidas: Buy Rating Backed by Performance Momentum, Margin Recovery, and International Growth Tailwinds
- ADDYY Upcoming Earnings Report: What to Expect?
- BNP Paribas remains bearish on Nike as China concerns ‘continue to materialize’
- Adidas price target lowered to EUR 257 from EUR 270 at Citi