Piper Sandler on Amer Sports Inc. (AS): 'Momentum Accelerating, with U.S. Inflecting'

Piper Sandler analyst Anna Andreeva reiterated an Overweight rating and $45.00 price target on Amer Sports Inc. (NYSE: AS).

The analyst commented: "Momentum Accelerating, with U.S. Inflecting; AS had a phenomenal 2Q26 with a 6% sales beat (strength especially in Outdoor with Salomon and Ball & Racquet with Wilson) and 2nd consecutive quarter of ~30% EPS beat (ex $0.08 in tariff refund). Initial 3Q26 EPS guide of $0.31-$0.33 is below consensus at $0.38, although company spoke to momentum continuing QTD, and we expect AS to up the guide in conjunction with Salomon Investor Day in September (last September at Arc'teryx day saw 12-14% raise to annual EPS). With Footwear multiples contracting lately on concerns on maturity of the sneaker cycle/elevated promotionality across the space, AS is unique with Arc'teryx and Salomon both early on in the US (importantly, Americas-and the US--accelerated sequentially); raise est. ($1.30/$1.64 for '26/'27); buy-side is moving up slightly post this print, with $1.80-$1.90 as a likely outcome for '27."

For an analyst ratings summary and ratings history on Amer Sports Inc. click here. For more ratings news on Amer Sports Inc. click here.

Shares of Amer Sports Inc. closed at $33.62 yesterday.

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