BTIG Reaffirms Their Hold Rating on Under Armour (UAA)
BTIG analyst Robert Drbul maintained a Hold rating on Under Armour on February 6. The company’s shares closed last Friday at $7.56.
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According to TipRanks, Drbul is a 4-star analyst with an average return of 5.2% and a 53.69% success rate. Drbul covers the Consumer Cyclical sector, focusing on stocks such as Nike, Levi Strauss & Co, and FIGS.
The word on The Street in general, suggests a Hold analyst consensus rating for Under Armour with a $6.82 average price target, representing a -9.79% downside. In a report released yesterday, TipRanks – xAI also reiterated a Hold rating on the stock with a $7.50 price target.
Based on Under Armour’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.33 billion and a GAAP net loss of $430.83 million. In comparison, last year the company earned a revenue of $1.4 billion and had a net profit of $1.23 million
Read More on UAA:
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- Under Armour: Early Turnaround Progress Offset by Persistent Margin Headwinds, Justifying Hold Rating
- Under Armour Earnings Call: Progress Amid Persistent Strains
- Under Armour price target raised to $8 from $6 at Truist
- Under Armour: Gradual Repositioning and Margin Rebuild Justify Neutral ‘Hold’ Stance
- Under Armour: Modest Beat and Raised Guidance, But Tax-Driven Upside Keeps Rating at Hold
