
AS Stock Forecast & Price Target
AS Analyst Ratings
Bulls say
Amer Sports is in a strong position due to its portfolio of niche, premium brands such as Arc’teryx, Salomon, and Wilson, and its focus on the rapidly-growing outdoor performance vertical. With strong momentum in key regions and channels, as well as the potential for further margin expansion and brand investments, we see Amer Sports continuing to outperform in a tough macro environment. This is reflected in our Buy rating and price target of $42, which is based on a 29x multiple on our next twelve months (NTM) earnings forecast and a ~40% premium to the S&P 500 multiple, representing a potential upside of ~40% from current levels.
Bears say
Amer Sports is heavily reliant on its China business, which subject to closer oversight from its Chinese conglomerate owner, Anta Sports, making it vulnerable to sudden shifts in the Chinese market. Additionally, a weakening of discretionary spending trends could limit potential sales and earnings growth for the company. The concentrated ownership position of Anta Sports also creates potential conflicts of interest, and FX headwinds could further impact earnings with high international sales exposure. Lastly, if new product launches fail to meet elevated expectations, it could lead to pressure on both sales/earnings growth and the company's valuation multiple.
This aggregate rating is based on analysts' research of Amer Sports Inc and is not a guaranteed prediction by Public.com or investment advice.
AS Analyst Forecast & Price Prediction
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