Adidas (ADDYY) stock rises after outlook boost

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Adidas AG (ADS:GR) (ADDYY) PT Raised to EUR225 at Telsey

April 17, 2024 5:44 AM EDT

(Updated - April 17, 2024 5:45 AM EDT)

Telsey raised its price target on Adidas AG (ADS:GR) (OTC: ADDYY) to EUR225.00 (from EUR205.00) while maintaining a Market Perform rating.

The analyst commented: "The positive 1Q24 result shows adidas has turned the corner with... More

Adidas shares surpass two-year high as 'terrace' sneaker trend boosts brand heat

April 17, 2024 4:20 AM EDT

By Linda Pasquini

(Reuters) -Shares in Adidas rose more than 8% on Wednesday, hitting their highest level in over two years after the German sportswear giant on Tuesday reported quarterly results above expectations and hiked its 2024 guidance on strong demand for its sneakers.

Growth is being driven by strong demand momentum in "terrace" retro styles, such as Samba, Gazelle and Campus, as well as strength in performance categories, analysts at Wedbush said.

Analyst Cedric Lecasble at Stifel also highlighted that the... More

Adidas AG (ADS:GR) (ADDYY) PT Raised to EUR240 at JPMorgan

April 17, 2024 2:47 AM EDT

JPMorgan analyst Olivia Townsend raised the price target on Adidas AG (ADS:GR) (OTC: ADDYY) to EUR240.00 (from EUR227.00) while maintaining a Overweight rating.... More

Bernstein SocGen Group Reiterates Market Perform Rating on Adidas AG (ADS:GR) (ADDYY)

April 17, 2024 2:33 AM EDT

Bernstein SocGen Group analyst Aneesha Sherman reiterated a Market Perform rating and EUR185.00 price target on Adidas AG (ADS:GR) (OTC: ADDYY).

... More

Adidas AG (ADS:GR) (ADDYY) PT Raised to EUR231 at UBS

April 17, 2024 12:54 AM EDT

UBS analyst Zuzanna Pusz raised the price target on Adidas AG (ADS:GR) (OTC: ADDYY) to EUR231.00 (from EUR228.00) while maintaining a Buy rating.... More

Morgan Stanley Upgrades Adidas AG (ADS:GR) (ADDYY) to Overweight

April 15, 2024 4:44 AM EDT

Morgan Stanley analyst Edouard Aubin upgraded Adidas AG (ADS:GR) (OTC: ADDYY) from Underweight to Overweight with a price target of EUR235.00 (from EUR175.00).

... More