Bernstein lowered the firm’s price target on Birkenstock (BIRK) to $55 from $63 and keeps a Market Perform rating on the shares. The firm says the company is facing “significant headwinds” in fiscal 2026. Birkenstock has guided to 200 basis points of gross margin headwinds, which, when combined with a higher expected tax rate, effectively halves the earnings contribution of any sales growth, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIRK:
- Birkenstock Earnings Call: Record Growth, Managed Constraints
- Birkenstock price target lowered to $60 from $70 at Telsey Advisory
- Circle Internet initiated, Lyft downgraded: Wall Street’s top analyst calls
- Williams downgrades Birkenstock on ‘disappointing’ margin outlook
- Birkenstock price target lowered to $60 from $70 at Baird