adidas (FRA:ADS) received a €195.00 ($240.74) price objective from equities research analysts at JPMorgan Chase & Co. in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 5.52% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on ADS. set a €231.00 ($285.19) target price on adidas and gave the stock a “buy” rating in a research report on Tuesday, November 14th. UBS Group set a €225.00 ($277.78) target price on adidas and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Kepler Capital Markets set a €215.00 ($265.43) target price on adidas and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Baader Bank set a €220.00 ($271.60) target price on adidas and gave the stock a “buy” rating in a research report on Friday, December 22nd. Finally, Warburg Research set a €205.00 ($253.09) target price on adidas and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. adidas currently has a consensus rating of “Buy” and a consensus target price of €210.63 ($260.03).
Shares of adidas (FRA:ADS) opened at €184.80 ($228.15) on Wednesday. The company has a market capitalization of $37,790.00 and a P/E ratio of 28.04. adidas has a 12 month low of €163.65 ($202.04) and a 12 month high of €201.01 ($248.16).
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 and Reebok brands. The company is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.
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