J.P. Morgan analyst Matthew Boss has maintained their bullish stance on AS stock, giving a Buy rating today.
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Matthew Boss has given his Buy rating due to a combination of factors that highlight Amer Sports, Inc.’s strong financial performance and promising future outlook. The company reported a significant increase in its second-quarter adjusted earnings per share, doubling the expectations set by analysts. This was driven by robust revenue growth and improved gross margins, which exceeded market predictions. Additionally, the management’s decision to raise the full-year revenue and margin forecasts, despite external challenges like higher tariffs, indicates confidence in the company’s operational strength and strategic direction.
Moreover, Amer Sports’ focus on expanding its direct-to-consumer sales and enhancing its brand presence, particularly in Greater China, supports a positive growth trajectory. The company’s premium brands and strategic business transformation efforts are expected to drive sustained top-line and EBITDA growth. These elements, combined with a favorable valuation based on future earnings potential, underpin the Buy rating assigned by Matthew Boss.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $46.00 price target.
AS’s price has also changed moderately for the past six months – from $30.590 to $35.740, which is a 16.84% increase.