On Nov 09, major Wall Street analysts update their ratings for $Under Armour-A (UAA.US)$, with price targets ranging from $4 to $16.
Morgan Stanley analyst Alexandra Straton maintains with a sell rating, and maintains the target price at $4.
J.P. Morgan analyst Matthew Boss maintains with a sell rating, and adjusts the target price from $6 to $8.
BofA Securities analyst Lorraine Hutchinson maintains with a hold rating, and maintains the target price at $12.5.
Citi analyst Paul Lejuez maintains with a hold rating, and adjusts the target price from $7 to $12.
UBS analyst Jay Sole maintains with a buy rating, and adjusts the target price from $12 to $16.
Furthermore, according to the comprehensive report, the opinions of $Under Armour-A (UAA.US)$'s main analysts recently are as follows:
The turnaround efforts of Under Armour are believed to be not fully reflected in its current valuation, even after a significant rise following its earnings release. The company's recent quarterly report indicates that it is on the path of recovery, but analysts suggest that this is just the beginning. There is an expectation that Under Armour's growth will surpass market expectations and further enhance investor sentiment, which is currently perceived to be relatively subdued. The stock is regarded as a prime buying opportunity with a view towards 2025.
The firm mentioned that unless there is a substantial undervaluation of the second half of fiscal year 2025 sales and margin outlook, the stock's potential for gains might be limited going forward.
Under Armour is actively working to revitalize its brand, and signs of the turnaround are becoming evident. Despite this progress, revenues, especially in North America, were not strong in the second quarter, indicating that there may be minimal room for growth moving forward.
The firm noted that although Under Armour exceeded modest expectations for the second fiscal quarter and is concentrating on generating higher-margin revenue, the underlying business fundamentals continue to face challenges, with the factors contributing to the second quarter beat appearing unsustainable for the second half of the year.
Here are the latest investment ratings and price targets for $Under Armour-A (UAA.US)$ from 9 analysts:
Note:
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