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Major League Soccer achieved record attendance and sponsorship revenue during the recent regular season, largely attributed to the influence of Lionel Messi and strategic corporate initiatives. Nearly 11.5 million fans attended matches, marking a 5% increase from last year, while sponsorship revenue rose 13% at both league and club levels. Inter Miami's success, including Messi's hat trick and the highest-selling jersey, further fueled fan engagement and social media growth, positioning MLS for continued momentum.
UBS has maintained a "Neutral" rating on Nike with a price target of $82, noting potential positive impacts from new CEO Elliott Hill. Meanwhile, Truist Securities has upgraded Nike to "Buy," reflecting a more optimistic outlook amidst mixed analyst ratings.
UBS has assigned Adidas a "Buy" rating with a target price of 279 euros, following the sportswear company's preliminary quarterly results. Analyst Zuzanna Pusz highlighted a surprisingly high gross margin in her initial assessment.
adidas shares rose over 1% following UBS's positive analysis, which confirmed a Buy recommendation and raised the price target to €279 from €275, indicating a potential upside of 19%. The company anticipates high single-digit revenue growth for 2024, with operating profit expected to reach around €1 billion, up from a previous estimate of €700 million.
adidas shares rose over 1% following a positive analysis from UBS, which raised its price target to €279 from €275, indicating a potential upside of 19%. The analyst highlighted continued sales growth exceeding 10% and revised revenue expectations for 2024 to a high single-digit rate, with operating profit projected around €1 billion.
UBS has raised its price target for adidas, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy to ensure objectivity.
UBS has raised its price target for adidas to €279 from €275, indicating a potential upside of 19%, citing continued strong sales growth exceeding 10%. The company now anticipates high single-digit revenue growth for 2024 and an operating profit of around €1 billion, up from a previous estimate of €700 million.
adidas AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mls sets attendance and sponsorship records fueled by lionel messi's impact
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adidas stock rises as UBS raises target and forecasts strong growth
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ubs raises adidas price target amid strong sales growth outlook
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