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Bernstein Sticks to Their Buy Rating for adidas AG (0OLD)

Tipranks - Tipranks - Sat Mar 28, 6:41AM CDT

Bernstein analyst Aneesha Sherman maintained a Buy rating on adidas AG today and set a price target of €255.00.

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Sherman covers the Consumer Cyclical sector, focusing on stocks such as Nike, On Holding AG, and Deckers Outdoor. According to TipRanks, Sherman has an average return of 2.7% and a 45.36% success rate on recommended stocks.

In addition to Bernstein, adidas AG also received a Buy from DBS’s Alison Fok in a report issued on March 20. However, on March 23, RBC Capital maintained a Hold rating on adidas AG (LSE: 0OLD).

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Based on adidas AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €6.08 billion and a net profit of €81 million. In comparison, last year the company earned a revenue of €5.97 billion and had a GAAP net loss of €39 million

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