From MarketBeat:

Investment analysts at Piper Sandler have boosted the target price for Birkenstock (NYSE: BIRK) to $56.50, with an “overweight” rating on the stock, pointing to a potential upside of 23.25% from the company’s previous close.

Seven research analysts have rated BIRK stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and an average price target of $47.18.

Birkenstock stock traded down 0.6% on Friday, hitting $45.84, with a trading volume of 429,684 shares, and a 50-day simple moving average of $46.31.

Birkenstock Holding plc manufactures and sells footwear products, including sandals, shoes, closed-toe silhouettes, skincare products, and accessories for men, women, and kids in multiple regions, including the Americas, Europe, the Asia Pacific, the Middle East, and Africa.



Read more: Birkenstock (NYSE:BIRK) PT Raised to $56.50