Baird has raised its rating on Adidas (ADDYY, Financial) from Neutral to Outperform, maintaining its price target at EUR 240. This decision follows a recent drop in the stock's value, which has made the risk-reward balance more favorable for investors.
The upgrade comes after the firm's late-March company travel, which strengthened confidence in Adidas' global brand momentum and its extensive product pipeline. These factors, along with improving relationships with wholesale partners, contributed to Baird's positive outlook.
Additionally, Adidas has minimal exposure to U.S. tariffs, and the firm views the company's guidance for 2025 as conservative. These attributes further bolster the case for the upgraded rating, suggesting a promising trajectory for the sportswear giant moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for adidas AG (ADDYY, Financial) is $150.18 with a high estimate of $161.89 and a low estimate of $139.69. The average target implies an upside of 33.44% from the current price of $112.55. More detailed estimate data can be found on the adidas AG (ADDYY) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, adidas AG's (ADDYY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for adidas AG (ADDYY, Financial) in one year is $130.17, suggesting a upside of 15.66% from the current price of $112.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the adidas AG (ADDYY) Summary page.
