Birkenstock price target lowered to $58 from $66 at Stifel

Stifel lowered the firm’s price target on Birkenstock (BIRK) to $58 from $66 and keeps a Buy rating on the shares. The company’s reaffirmed pathway to positive medium-term topline growth over the next 3-5 years indicates strong casual footwear share gains, though FY26 guidance for revenue growth missed expectations and points to a greater dependence on out-year development, the analyst tells investors in a research note. The firm reaffirmed its Buy rating but adjusted its valuation multiple, leading to the lower price target