On Nov 20, major Wall Street analysts update their ratings for $Amer Sports (AS.US)$, with price targets ranging from $20 to $26.
J.P. Morgan analyst Matthew Boss maintains with a buy rating, and adjusts the target price from $19 to $26.
BofA Securities analyst Lorraine Hutchinson maintains with a buy rating, and sets the target price at $24.
Citi analyst Paul Lejuez maintains with a buy rating, and maintains the target price at $24.
Wells Fargo analyst Ike Boruchow downgrades to a hold rating, and adjusts the target price from $17 to $20.
TD Cowen analyst John Kernan maintains with a buy rating, and adjusts the target price from $21 to $23.
Furthermore, according to the comprehensive report, the opinions of $Amer Sports (AS.US)$'s main analysts recently are as follows:
Technical Apparel maintained its trend of outperformance for the fourth consecutive quarter, while Amer Sports' two other segments, Outdoor Performance and Ball & Racquet, exceeded growth and profitability expectations for the first quarter since its IPO.
The firm appreciates the momentum for Arc'teryx and considers the company's outlook to be responsible.
After Amer Sports' Q3 results surpassed expectations and the FY24 guidance was enhanced due to recent business strength, forecasts for FY24 and FY25 EPS have been adjusted upwards. These adjustments reflect the Q3 performance and an improved sales outlook.
The firm noted that management impressed them with its Q3 performance and confidence in its initial FY25 guidance of low double-digit to mid-teen revenue growth, which should be well above most peers.
Q3 results have surpassed expectations, driven by strong brand momentum across Technical Apparel, DTC, and Greater China, which contributed to a favorable mix.
Here are the latest investment ratings and price targets for $Amer Sports (AS.US)$ from 6 analysts:
Note:
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