From Financial Modeling Prep: 2024-11-20 08:39:00

UBS analysts raised Amer Sports’ price target from $24 to $27, maintaining a Buy rating. They cited strong growth prospects for the Arc’teryx brand and expansion in China. Amer’s third-quarter performance led to increased fiscal year 2024 sales, gross margin, and EPS guidance.

Despite a 6% stock increase post-earnings report, UBS sees more upside potential. Concerns about China’s consumer environment persist, but strong fundamentals position Amer for sustained growth.

UBS projected a 32% CAGR for Amer’s EPS over four years, justifying a 27x P/E multiple. Anticipated positive EPS surprises could drive the stock towards the $27 price target.



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