Adidas price target raised to EUR 205 from EUR 185 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Adidas to EUR 205 from EUR 185 and keeps a Market Perform rating on the shares. Product newness is proving to be “promising” for Adidas and top line growth and profitability are anticipated to improve further in 2025 and 2026, the analyst tells investors. However, while the firm sees the potential for a turnaround, “a lot seems built into the share price,” the analyst added.