From Yahoo Finance: 2025-04-27 15:36:00

Amer Sports, Inc. (AS) is a top new stock to buy according to billionaires. With a market capitalization of $13.352 billion, 48 hedge fund holders, and 8 billionaire investors holding $89,952,351 in total value, AS specializes in sports equipment, apparel, and footwear. It grew revenue by 23% in Q4 of 2024.

Global IPO activity in Q1 of 2025 remained steady in volume but grew 20% in value. The United States had the third-strongest Q1 performance with 59 listings. The macroeconomic environment, including trade tensions and AI trends, created both challenges and opportunities for IPOs worldwide.

Bank of America Securities analyst Lorraine Hutchinson maintained a Buy rating on Amer Sports, Inc. (AS) due to promising growth prospects and strong brand positioning. AS has limited exposure to US tariffs and plans to expand its store count in the US and China. Revenue grew by 23% in Q4 of 2024.

AS ranks 10th on the list of best new stocks to buy according to billionaires. While AS shows promise, AI stocks hold greater potential for higher returns within a shorter time frame. Check out our report on the cheapest AI stock poised for massive gains for more information.

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