adidas (FRA:ADS) received a €265.00 ($308.14) target price from investment analysts at Macquarie in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Macquarie’s price target would suggest a potential upside of 29.97% from the company’s current price.

Several other analysts have also recently weighed in on the company. DZ Bank reissued a “buy” rating on shares of adidas in a report on Friday, August 10th. HSBC set a €255.00 ($296.51) price objective on adidas and gave the stock a “buy” rating in a report on Thursday, September 6th. Credit Suisse Group set a €247.00 ($287.21) price objective on adidas and gave the stock a “buy” rating in a report on Thursday, August 9th. Hauck & Aufhaeuser set a €240.00 ($279.07) price objective on adidas and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, JPMorgan Chase & Co. set a €205.00 ($238.37) price objective on adidas and gave the stock a “neutral” rating in a report on Wednesday, October 17th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. adidas presently has an average rating of “Buy” and a consensus target price of €224.60 ($261.16).

Shares of FRA:ADS opened at €203.90 ($237.09) on Thursday. adidas has a 1-year low of €163.65 ($190.29) and a 1-year high of €201.01 ($233.73).

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.

Further Reading: How does inflation affect different investments?

Analyst Recommendations for adidas (FRA:ADS)

Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.