BofA analyst Lorraine Hutchinson raised the firm’s price target on Birkenstock (BIRK) to $73 from $70 and keeps a Buy rating on the shares. Following a beat on sales and margins in Q2, the firm is increasing its FY25 and FY26 EBITDA estimates by 4.8% and 3.5%, respectively, on better gross margins from cost improvements and pricing net of inflations, the analyst tells investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIRK:
- Birkenstock Holding plc: Strong Sales Growth and Strategic Positioning Justify Buy Rating
- Birkenstock Holding Reports Strong Revenue and Profit Growth
- Birkenstock’s Earnings Call: Record Growth Amid Challenges
- Birkenstock Holding plc: Strong Market Position and Growth Potential Justify Buy Rating
- Birkenstock price target raised to $75 from $70 at BMO Capital