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Bernstein Sticks to Its Buy Rating for Adidas (ADDYY)

Tipranks - Tipranks - Tue Apr 28, 12:28PM CDT

Bernstein analyst Aneesha Sherman maintained a Buy rating on Adidas today and set a price target of $132.50.

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Sherman covers the Consumer Cyclical sector, focusing on stocks such as Nike, Deckers Outdoor, and On Holding AG. According to TipRanks, Sherman has an average return of 2.1% and a 44.55% success rate on recommended stocks.

Adidas has an analyst consensus of Moderate Buy, with a price target consensus of $121.25.

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Based on Adidas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.02 billion and a net profit of $80.24 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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