adidas shares experienced a rise of more than 1% after receiving a positive analysis from UBS. The analysis reaffirmed its Buy recommendation and increased the price target from €275 to €279. This adjustment suggests a potential upside of 19%, indicating the analyst's confidence in the company's ongoing performance.

The latest report emphasizes another quarter of sales growth surpassing 10%, which strengthens the positive outlook for 2024 and 2025. adidas has revised its revenue growth expectations for 2024 to a high single-digit rate, up from the previous mid- to high-single-digit forecast. Furthermore, the company anticipates that its operating profit will reach approximately €1.0 billion, a significant increase from the earlier estimate of around €700 million.