(CercleFinance.com) – Bank of America initiated coverage of Birkenstock shares on Monday with a ‘neutral’ opinion and a price target set at $44.
In a research note, the intermediary highlights the attractive growth trajectory enjoyed by the shoe manufacturer, whose sales it sees increasing by 16% over the 2024/2025 financial year thanks to the development of its product offering and its expansion. in Asia.
While he welcomes the ‘differentiated’ character of the brand, the analyst also believes that its strong growth is integrated into the current stock price, which he believes is trading at its ‘fair value’.
Among the many other brokers that are initiating the stock today a little less than a month after its introduction on the Nasdaq, Jefferies begins the follow-up with a buy recommendation and a price target of 50 dollars, highlighting the depth of the group’s market as well as its capacity for innovation.
Since its IPO, Birkenstock shares have lost 10% of their value.
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