On Nov 08, major Wall Street analysts update their ratings for $Under Armour-A (UAA.US)$, with price targets ranging from $4 to $16.
Morgan Stanley analyst Alexandra Straton maintains with a sell rating, and maintains the target price at $4.
J.P. Morgan analyst Matthew Boss maintains with a sell rating, and adjusts the target price from $6 to $8.
BofA Securities analyst Lorraine Hutchinson maintains with a hold rating, and adjusts the target price from $9 to $12.5.
UBS analyst Jay Sole maintains with a buy rating, and adjusts the target price from $12 to $16.
TD Cowen analyst John Kernan maintains with a hold rating, and adjusts the target price from $7 to $10.
Furthermore, according to the comprehensive report, the opinions of $Under Armour-A (UAA.US)$'s main analysts recently are as follows:
The anticipation is that Under Armour's ongoing revitalization efforts are not yet fully reflected in its current valuation, despite a significant rise following their earnings announcement. The company's recent second-quarter report indicates forward momentum in its business restructuring, with the view that this recovery is in the early stages. There is an expectation that Under Armour's growth may outpace market predictions, leading to a further shift in investor sentiment from its current low baseline. The stock is seen as a prime investment prospect looking ahead to 2025.
Under Armour is perceived as taking bold steps to rejuvenate its brand, and there are indications that the turnaround efforts are gaining ground. Despite this, revenue in Q2, especially in North America, showed weakness, and there's a belief that significant growth potential may be limited.
The firm noted that although they exceeded the modest expectations for the second fiscal quarter and are concentrating on achieving higher-margin revenue, the underlying fundamentals are still under strain, with the factors contributing to the second fiscal quarter's outperformance appearing unsustainable in the second half of the year.
Here are the latest investment ratings and price targets for $Under Armour-A (UAA.US)$ from 6 analysts:
Note:
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