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

Tipranks - Tipranks - Tue May 12, 8:44AM CDT

In a report released today, Aneesha Sherman from Bernstein maintained a Buy rating on adidas AG, with a price target of €245.00.

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According to TipRanks, Sherman is a 3-star analyst with an average return of 1.7% and a 45.32% success rate. Sherman covers the Consumer Cyclical sector, focusing on stocks such as Nike, Deckers Outdoor, and On Holding AG.

In addition to Bernstein, adidas AG also received a Buy from Telsey Advisory’s Joe Feldman in a report issued on May 7. However, on May 5, 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 March 31, the company reported a quarterly revenue of €6.59 billion and a net profit of €482 million. In comparison, last year the company earned a revenue of €6.15 billion and had a net profit of €428 million

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