Piper Sandler analyst Anna Andreeva lowered the firm’s price target on Birkenstock (BIRK) to $55 from $60 and keeps an Overweight rating on the shares. The firm is lowering its Q2 sales estimate to EUR 620M to reflect the Middle East conflict. Piper’s checks in the U.S. still suggest strong brand momentum at full price. Given global macro, the firm thinks most likely Birkenstock reiterates annual guide for 13%-15% constant currency sales growth, with an opportunity to ultimately do better.
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 BIRK:
- Birkenstock price target lowered to $56 from $58 at Stifel
- Tesla upgraded, AppLovin initiated: Wall Street’s top analyst calls
- Birkenstock upgraded to Buy from Neutral at Seaport Research
- Birkenstock Sets May 13 Release Date for Fiscal Q2 2026 Results
- Strong CEO Insider Buying Underscores Alignment and Supports Buy Rating on Birkenstock