Summary:
- Wolverine World Wide's stock sees a notable boost following an upgrade from Baird.
- The stock is considered to have a favorable risk-reward profile with limited tariff exposure.
- Analysts provide a promising outlook, forecasting significant upside potential for investors.
Wolverine World Wide (WWW, Financial) experienced a significant price surge of over 7% as Baird elevated its rating from Neutral to Outperform. This upgrade is primarily attributed to a compelling risk-reward dynamic and minimal exposure to tariffs. Analyst Jonathan Komp has pegged a price target of $20, underscoring the potential for sustainable brand growth through 2025.
Wall Street Analysts' Projections
Informed by projections from nine analysts, the one-year price targets for Wolverine World Wide Inc (WWW, Financial) average $19.67, with estimates ranging from a high of $25.00 to a low of $15.00. This average implies a noteworthy upside potential of 72.36% from the current price of $11.41. For a more comprehensive outlook, investors can explore further details on the Wolverine World Wide Inc (WWW) Forecast page.
The consensus recommendation from 10 brokerage firms places Wolverine World Wide Inc's (WWW, Financial) average brokerage recommendation at 2.2, classifying it as "Outperform." This scale ranges from 1 to 5, where 1 stands for Strong Buy and 5 indicates Sell.
Insight from GuruFocus Estimates
According to GuruFocus, the estimated GF Value for Wolverine World Wide Inc (WWW, Financial) in the coming year is $11.41, suggesting a 0% downside from its current price of $11.41. The GF Value represents GuruFocus' fair value estimate, calculated based on the historical trading multiples, past business growth, and anticipated future performance. For detailed insights, visit the Wolverine World Wide Inc (WWW) Summary page.
