Macquarie Analysts Give adidas (ADS) a €260.00 Price Target

adidas (FRA:ADS) received a €260.00 ($302.33) price objective from analysts at Macquarie in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Macquarie’s target price would indicate a potential upside of 23.87% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada set a €220.00 ($255.81) price objective on shares of adidas and gave the company a “buy” rating in a research note on Friday, July 13th. Baader Bank set a €220.00 ($255.81) price objective on shares of adidas and gave the company a “buy” rating in a research note on Wednesday, July 4th. HSBC set a €240.00 ($279.07) price objective on shares of adidas and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Hauck & Aufhaeuser set a €240.00 ($279.07) price objective on shares of adidas and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Finally, Kepler Capital Markets set a €222.00 ($258.14) price objective on shares of adidas and gave the company a “buy” rating in a research note on Friday, June 29th. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of €224.88 ($261.48).

Shares of ADS stock opened at €209.90 ($244.07) on Wednesday. adidas has a 52-week low of €163.65 ($190.29) and a 52-week high of €201.01 ($233.73).

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.

Further Reading: Earnings Per Share (EPS)

Analyst Recommendations for adidas (FRA:ADS)

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