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Evercore ISI Keeps Their Buy Rating on Birkenstock Holding plc (BIRK)

Tipranks - Tipranks - Sat Feb 14, 7:30AM CST

In a report released yesterday, Michael Binetti from Evercore ISI maintained a Buy rating on Birkenstock Holding plc, with a price target of $54.00.

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Binetti covers the Consumer Cyclical sector, focusing on stocks such as Birkenstock Holding plc, Ferrari, and Lululemon Athletica. According to TipRanks, Binetti has an average return of 6.5% and a 55.06% success rate on recommended stocks.

In addition to Evercore ISI, Birkenstock Holding plc also received a Buy from Goldman Sachs’s Adrien Duverger in a report issued today. However, yesterday, TipRanks – xAI downgraded Birkenstock Holding plc (NYSE: BIRK) to a Hold.

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Based on Birkenstock Holding plc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $526.34 million and a net profit of $93.87 million. In comparison, last year the company earned a revenue of $455.76 million and had a net profit of $52.47 million

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