Jefferies axes Birkenstock price target, says would be buyers on weakness

Jefferies lowered the firm’s price target on Birkenstock (BIRK) to $60 from $80 and keeps a Buy rating on the shares. Birkenstock posted solid Q4 results, but FY26 guidance underwhelmed on top-line, reflecting supply constraints rather than demand issues, according to the firm. Jefferies added that foreign exchange and tariffs are near-term headwinds, but holiday and Q1 demand remain “strong.” The firm told investors that it would be buyers of Birkenstock on weakness as the company offers a superior risk/reward profile over the next 12 months.