Adidas Posts 'Another Great Quarter,'Deutsche Bank Research Says
Idag, 17:08
11:08 AM EDT, 04/29/2026 (MT Newswires) -- Deutsche Bank Research said adidas (ADS.F) posted "another great quarter"with its sales and EPS readings in the first three months of 2026 surpassing market estimates.
"Overall a good print with the only major question likely to be the relative weakness of footwear in the mix and how much of the beat came from World Cup products. In our view this is a strong performance with adidas winning in a number of important categories. Trading on 15x the stock was not pricing in a FY upgrade at this stage and we see this as likely to be enough to see a positive reaction today,"analysts wrote Wednesday.
As of late afternoon trading, shares of the German sports retailer were over 8% higher and on track to be the blue-chip DAX index's top gainer.
The stock is rated buy with a price target of 200 euros.
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Adidas Posts 'Another Great Quarter,'Deutsche Bank Research Says
Idag, 17:08
11:08 AM EDT, 04/29/2026 (MT Newswires) -- Deutsche Bank Research said adidas (ADS.F) posted "another great quarter"with its sales and EPS readings in the first three months of 2026 surpassing market estimates.
"Overall a good print with the only major question likely to be the relative weakness of footwear in the mix and how much of the beat came from World Cup products. In our view this is a strong performance with adidas winning in a number of important categories. Trading on 15x the stock was not pricing in a FY upgrade at this stage and we see this as likely to be enough to see a positive reaction today,"analysts wrote Wednesday.
As of late afternoon trading, shares of the German sports retailer were over 8% higher and on track to be the blue-chip DAX index's top gainer.
The stock is rated buy with a price target of 200 euros.
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