J.P. Morgan Remains a Buy on Birkenstock Holding plc (BIRK)
J.P. Morgan analyst Matthew Boss maintained a Buy rating on Birkenstock Holding plc today and set a price target of $52.00.
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Boss covers the Consumer Cyclical sector, focusing on stocks such as Boot Barn, Lululemon Athletica, and Ross Stores. According to TipRanks, Boss has an average return of 7.4% and a 57.03% success rate on recommended stocks.
In addition to J.P. Morgan, Birkenstock Holding plc also received a Buy from TipRanks – OpenAI’s OpenAI Apparel – Footwear and Accessories in a report issued yesterday. However, on January 18, Seaport Global initiated coverage with a Hold rating on Birkenstock Holding plc (NYSE: BIRK).
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
Read More on BIRK:
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- Seagate upgraded, Tractor Supply downgraded: Wall Street’s top analyst calls
- Birkenstock initiated with a Neutral at Seaport Research
- Birkenstock price target lowered to $50 from $55 at Bernstein
- Unusually active option classes on open January 14th
- Birkenstock: Robust Global Demand, Temporary Supply Constraints, and Channel Strategy Support Upside and Buy Rating
