Barclays analyst Adrienne Yih maintains $Under Armour-A (UAA.US)$ with a hold rating, and maintains the target price at $12.
According to TipRanks data, the analyst has a success rate of 48.0% and a total average return of 4.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Under Armour-A (UAA.US)$'s main analysts recently are as follows:
Under Armour's recent fiscal quarter earnings surpassed expectations, bolstered by more efficient spending and improved gross margins. These enhancements were partly due to a shift in expense timing to the following quarter and a reduction in product costs.
The company's recent strides in its turnaround efforts are believed to be not fully reflected in its current valuation despite a significant rise post-earnings. The second-quarter report indicates that the company is advancing in its business rejuvenation, with the belief that this recovery is only in its initial phase. It is anticipated that the company's growth will exceed market expectations and foster a further enhancement in sentiment from what are perceived as currently low levels. The stock is recommended as a prime buying opportunity looking towards 2025.
The anticipated trajectory for the second half of fiscal year 2025 sales and margin profile is not expected to be overly conservative. Without significant adjustments to these forecasts, further appreciation in the stock's value might be limited.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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