Siemens AG (DE:SIE) is a prominent engineering and manufacturing company in Europe. It operates across various sectors, including energy, finance, healthcare, mobility, automation, consumer products, and more.
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The company’s share has soared by a massive 55% in the last year, including a 30% jump YTD. Moving ahead, analysts are moderately bullish on the stock and predict a growth rate of around 10% in the price.
Favorable Outlook
In May, the company posted its second-quarter earnings, surpassing forecasts. Post-results, Siemens revised its full-year sales and profit guidance, increasing the projected figures. The company has increased its revenue growth target from 7-10% to 9-11% for a 12-month period ending in September.
In addition, Siemens anticipates a rise in its underlying basic earnings per share, with a revised range of €9.60 to €9.90. This is an increase from the previously projected range of €8.90 to €9.40. The revised outlook is based on strong demand for its products and an order backlog worth €105 billion, as reported in Q2 2023.
Siemens Share Price Target
Today, Nick Green of Bernstein reiterated his Hold rating on the stock with a downside of 12% in the share price.
Two days ago, J.P. Morgan’s analyst Andrew Wilson reiterated his Buy rating on the stock, projecting a growth of 14.3% from the current trading level.
Overall, SIE stock has a Moderate Buy rating on TipRanks, with a total of 14 recommendations, of which 11 are Buy. At an average price forecast of €180.15, analysts are predicting a change of 9.4% in the share price.
Is Adidas a Good Stock to Buy Now?
The German apparel and footwear brand Adidas’ share also got a recent upgrade in its rating. Two days ago, Bernstein analyst Aneesha Sherman upgraded her rating on the stock from Hold to Buy, forecasting an upside of 9.3%.
Similarly, today, Jurgen Kolb from Kepler Capital also upgraded her rating to Buy at a price target of €191.0. This implies an upside potential of almost 10% in the share price.
On TipRanks, ADS stock has a Hold rating backed by a total of 17 recommendations. This includes five Buy, eight Hold, and four Sell recommendations. The average price forecast of €161.34 predicts a downside of 7% in the share price.
In the last six months, the stock has gained 40%.
