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Investing.com - BofA Securities raised its price target on Amer Sports Inc. (NYSE:AS) to $46.00 from $45.00 while maintaining a Buy rating on the stock. The company has demonstrated remarkable performance, with a 152% return over the past year and current trading at $37.88. According to InvestingPro data, analyst targets range from $34 to $52, with a strong consensus recommendation of 1.43 (Strong Buy).
The firm’s decision follows Amer Sports’ reaffirmation of its medium-term targets through fiscal year 2030 and beyond, which include low-double-digit to mid-teens revenue growth and operating margin expansion of 30-70 basis points. This ambitious outlook is supported by the company’s current momentum, with revenue growing at 21.89% and maintaining a healthy gross profit margin of 56.84%.
Amer Sports projects that its Technical Apparel segment, primarily consisting of Arc’teryx, will achieve mid-teens annual sales growth, while Outdoor Performance (mostly Salomon) is expected to grow at low-double-digit to mid-teens rates.
The Ball & Racquet segment, predominantly Wilson, is forecast to deliver mid-single-digit annual sales growth according to company guidance.
BofA Securities noted that these targets could potentially be conservative given "vast white space for new doors across the brand portfolio and the premium positioning in attractive growth categories."
In other recent news, Amer Sports has raised its third-quarter 2025 financial guidance, projecting revenue growth in the high 20s percentage range, up from its previous estimate of around 20%. The company also expects its adjusted operating margin to reach or exceed the high end of its earlier 12-13% guidance range. In a notable development, HSBC has upgraded Amer Sports from Hold to Buy, citing a strong runway for sales growth and margin expansion. HSBC raised its price target for Amer Sports to $50 from $38, highlighting the company’s balanced and global growth beyond its Arc’teryx brand and the Greater China market. Additionally, UBS has reiterated its Buy rating on Amer Sports, maintaining a price target of $52. UBS emphasizes the strong growth potential of the company’s Arc’teryx and Salomon brands, noting that the market may undervalue Amer Sports’ business model and its positioning in China. UBS also points out that Amer Sports is still in the early stages of unlocking growth opportunities in the United States. These developments suggest a positive outlook for Amer Sports in the coming quarters.
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