William Blair analyst Sharon Zackfia has maintained their bullish stance on BIRK stock, giving a Buy rating on October 6.
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Sharon Zackfia’s rating is based on Birkenstock’s strong brand momentum and its potential for sustained growth. The company is expected to achieve mid- to high-teens annual revenue growth in constant currency, driven by increased production, expansion into direct-to-consumer channels, and exploring new market opportunities.
Additionally, Birkenstock’s robust gross margins and adjusted EBITDA margins of over 30% further support the Buy rating. Despite potential risks like increased competition and market saturation, the brand’s ability to tap into underserved regions and maintain a favorable product mix provides confidence in its long-term prospects.
According to TipRanks, Zackfia is a 4-star analyst with an average return of 7.1% and a 46.49% success rate. Zackfia covers the Consumer Cyclical sector, focusing on stocks such as Birkenstock Holding plc, Wingstop, and Chipotle.
In another report released on October 6, Telsey Advisory also maintained a Buy rating on the stock with a $70.00 price target.