Adidas (ADDYY, Financial) is currently embroiled in a legal dispute initiated by a former employee who claims wrongful termination following her complaints about discriminatory behavior within the company. According to the lawsuit filed in the United States, the employee alleges that a senior director directed racist and sexist comments toward her, including assigning her a derogatory nickname.
The employee reports that during an evening event, inappropriate remarks were also made regarding Beyoncé, which she reported to the human resources department. However, she claims the company did not take adequate measures to address or rectify the situation. These allegations have led to legal action as the former employee seeks justice for what she perceives as a failure by Adidas to maintain a respectful and inclusive work environment.
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 $153.19 with a high estimate of $162.65 and a low estimate of $148.37. The average target implies an upside of 24.26% from the current price of $123.29. 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 1.7, 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 $129.86, suggesting a upside of 5.33% from the current price of $123.29. 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.
