Fintel reports that on August 5, 2024, CAIXABANK BPI downgraded their outlook for adidas (BIT:1ADS) from Buy to Neutral.
Analyst Price Forecast Suggests 13.18% Upside
As of August 5, 2024, the average one-year price target for adidas is €245.15/share. The forecasts range from a low of €161.67 to a high of €315.14. The average price target represents an increase of 13.18% from its latest reported closing price of €216.60 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for adidas is 23,553MM. The projected annual non-GAAP EPS is 4.39.
What is the Fund Sentiment?
There are 388 funds or institutions reporting positions in adidas. This is an increase of 13 owner(s) or 3.47% in the last quarter. Average portfolio weight of all funds dedicated to 1ADS is 0.46%, an increase of 3.05%. Total shares owned by institutions increased in the last three months by 7.53% to 31,649K shares.
What are Other Shareholders Doing?
AEPGX - EUROPACIFIC GROWTH FUND holds 4,881K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 4,234K shares , representing an increase of 13.26%. The firm increased its portfolio allocation in 1ADS by 22.31% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 2,280K shares representing 1.28% ownership of the company. In its prior filing, the firm reported owning 2,256K shares , representing an increase of 1.08%. The firm increased its portfolio allocation in 1ADS by 23.50% over the last quarter.
DODFX - Dodge & Cox International Stock Fund holds 1,454K shares representing 0.81% ownership of the company. In its prior filing, the firm reported owning 1,332K shares , representing an increase of 8.39%. The firm increased its portfolio allocation in 1ADS by 16.53% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 1,364K shares representing 0.76% ownership of the company. In its prior filing, the firm reported owning 1,344K shares , representing an increase of 1.53%. The firm increased its portfolio allocation in 1ADS by 5.20% over the last quarter.
OAKIX - Oakmark International Fund Investor Class holds 1,256K shares representing 0.70% ownership of the company. In its prior filing, the firm reported owning 1,274K shares , representing a decrease of 1.47%. The firm increased its portfolio allocation in 1ADS by 10.32% over the last quarter.
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