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Adidas share: UBS analysis predicts price increase
Analysis of UBS AG on Adidas shares: Current valuation and forecast for the share certificate. Get insights into the development and price target. Discover the latest adidas stock recommendations.
Adidas share: UBS analysis predicts price increase
UBS AG has conducted a detailed study of adidas shares and published its preliminary results. According to the major Swiss bank UBS, Adidas was rated “Buy” based on the figures for the first quarter and the price target was set at 228 euros. Analyst Zuzanna Pusz emphasized that the sportswear manufacturer's gross margins and operating result were positive.
On the day of the analysis, the adidas share price rose by 2.8 percent to 207.70 euros in Frankfurt trading. This corresponds to an increase of 9.77 percent compared to the specified price target. 1,164 adidas shares were traded in Frankfurt, and the share price recorded an annual upward movement of 12.6 percent through 2024. Adidas' financial results for the first quarter of 2024 will be published on April 30, 2024.
The original study was published on April 16, 2024 at 17:25 GMT, and the initial distribution also occurred at that time. Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG and Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned is available on the website http://web.dpa-afx.de/offenlegenspflicht/offenlegens_pflicht.html.
Overall, UBS AG's analysis shows a positive assessment of the adidas share and a promising development of the company in the first quarter. Interested investors can consider the recommendations given as investment tips for their investment strategy.