Evercore ISI raises Amer Sports (AS) price target to $43, maintains Buy rating

From Yahoo Finance: 2025-05-25 05:56:00

In May 21 report, Michael Binetti from Evercore ISI raised Amer Sports, Inc. (AS) price target to $43 from $36, maintaining a Buy rating. Strong fiscal Q1 2025 results showed 23% sales growth, expanded operating margin, and raised full-year revenue and EPS guidance, reflecting strategic focus on market reach and profitability.

Key drivers of Amer Sports, Inc. (AS) positive performance were Technical Apparel up 28% to $664 million and Outdoor Performance up 25% to $502 million in fiscal Q1 2025. Strong demand supported optimistic sentiment, with the company anticipating revenue growth of 15% to 17% for fiscal year 2025. Analysts remain bullish on the stock.

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Read more at Yahoo Finance: Evercore ISI Keeps Buy Rating on Amer Sports (AS), Lifts PT