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UBS maintains a "Buy" rating for adidas following recent results, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has no involvement in the analysis preparation and holds no conflicts of interest regarding the investment recommendations provided.
UBS has maintained its "Buy" rating for Adidas, setting a target price of 280 euros after the company reported preliminary quarterly figures that surpassed sales expectations by 11%. Analyst Zuzanna Pusz noted that this positive performance is likely to bolster the shares of the sporting goods group in the short term.
Adidas AG, a leading global designer and manufacturer of sports goods, operates under the brands adidas, TaylorMade, and Reebok. Its product sales are primarily from footwear (56.7%), clothing (36.4%), and sports equipment (6.9%), with a worldwide store network exceeding 2,000 by the end of 2023. Geographically, sales are distributed across Europe-Middle East and Africa (39.4%), North America (24.4%), China (15%), Latin America (10.7%), and Asia-Pacific (10.5%).
UBS has maintained a 'Buy' rating for Adidas, setting a target price of 280 euros after the company reported preliminary quarterly figures that surpassed sales expectations by 11 percent. Analyst Zuzanna Pusz noted that this performance is likely to bolster the sporting goods group's shares in the short term, despite a strong previous year.
JD Sports has been downgraded to a "neutral" rating by UBS due to concerns over its near-term growth amid a challenging retail landscape. The company faces a projected 1% decline in like-for-like growth for fiscal 2026 and an 11% drop in profit before tax below consensus estimates, exacerbated by increased competition and a shift in Nike's allocation strategy. UBS has also cut its price target for JD Sports by 34% to 103 pence, citing structural challenges and a decline in customer loyalty.
Movement Labs has successfully secured $100 million in Series B funding, achieving a valuation of $3 billion. This investment, led by CoinFund and Brevan Howard’s Nova Fund, underscores growing confidence in the company's blockchain scalability solutions and its commitment to expanding globally.In a related development, TONCASH has gained 200,000 users and partnered with major brands like Apple and Adidas, aiming to enhance its crypto cashback platform.
TONCASH has secured strategic funding from TON Ventures to expand its crypto cashback platform, which has rapidly gained 200,000 users since its launch in November 2024. The platform partners with over 200 major brands, including Apple and Adidas, offering cashback rewards of up to 80% in cryptocurrencies like Bitcoin and USDT.This investment will enhance TONCASH's growth strategy across Asia-Pacific, Europe, the Middle East, and Latin America, while fostering deeper collaboration with Telegram and The Open Network. By bridging traditional retail with cryptocurrency rewards, TONCASH aims to drive mainstream adoption of crypto through familiar shopping experiences.
The crypto market is thriving, with altcoins like Qubetics, Chainlink, Polygon, Solana, and Ethereum leading the charge. Qubetics offers a revolutionary non-custodial wallet focused on security and privacy, while Chainlink connects smart contracts to real-world data. Polygon enhances Ethereum's scalability, and Solana is recognized for its speed and eco-friendliness, making these projects prime investment opportunities as the landscape evolves.
DRX demonstrates stability in pre-market trading with an average order price of 0.0079055, reflecting no price change. Meanwhile, GMT DAO launches the BURNGMT initiative, aiming to buy back and burn 600 million GMT tokens, enhancing value and decentralization while engaging the community through a voting mechanism. Participants can join a $600 airdrop and influence GMT's future by voting on the token burn from November 21, 2024, to January 20, 2025.
UBS AG maintains a "Buy" rating for Adidas shares with a target price of €280, reflecting a potential upside of 16.13% from the current price of €241.10. Despite recent tax and customs searches at Adidas locations, the stock has risen 31.3% since the start of 2024. Earnings and sales figures for Q4 2024 are set to be released on March 5, 2025.
adidas AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
adidas maintains buy rating following positive analysis from UBS
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ubs maintains buy rating for adidas with target price of 280 euros
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ubs maintains buy rating for adidas with target price of 280 euros
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