Birkenstock price target raised to $70 from $63 at Stifel

Stifel raised the firm’s price target on Birkenstock (BIRK) to $70 from $63 and keeps a Buy rating on the shares. The company’s Q4 results and FY25 revenue growth outlook reflects brand momentum and solid execution, with Q4 upside showcasing revenue ahead of estimates in all regions and channels supported by diversifying revenue, the analyst tells investors in a research note. The firm added that, looking to FY25, it expects more of the same, as added scale and easing start-up costs will support greater Pasewalk manufacturing utilization and gross margin improvement as the year unfolds and into FY26.