adidas (FRA:ADS) has been assigned a €260.00 ($302.33) price target by analysts at Macquarie in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Macquarie’s target price suggests a potential upside of 23.87% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Commerzbank set a €236.00 ($274.42) target price on shares of adidas and gave the company a “buy” rating in a research note on Friday, September 7th. HSBC set a €255.00 ($296.51) target price on shares of adidas and gave the company a “buy” rating in a research note on Thursday, September 6th. Warburg Research set a €220.00 ($255.81) target price on shares of adidas and gave the company a “neutral” rating in a research note on Wednesday, August 29th. Royal Bank of Canada set a €235.00 ($273.26) target price on shares of adidas and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, UBS Group set a €235.00 ($273.26) target price on shares of adidas and gave the company a “buy” rating in a research note on Monday, August 13th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of €224.88 ($261.48).

Shares of FRA ADS opened at €209.90 ($244.07) on Wednesday. adidas has a 1 year low of €163.65 ($190.29) and a 1 year 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.

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Analyst Recommendations for adidas (FRA:ADS)

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