Birkenstock price target raised to $75 from $70 at BMO Capital

BMO Capital analyst Simeon Siegel raised the firm’s price target on Birkenstock (BIRK) to $75 from $70 and keeps an Outperform rating on the shares. The firm says the company continues to post industry-leading growth, with Q2 coupling its consistent strength with a notable direct-to-consumer and Americas acceleration. Better top-line flowed to gross margin/EBITDA margin beats and management took CC revenue guidance to the high-end, while raising adjusted EBITDA, despite the uncertain environment, suggesting tough environments present opportunities for strong brands. BMO remains bullish as industry-leading growth, relative tariff insulation, still-meaningful white-space ahead, all coming at strong margins.