topstockalerts
Sep 25, 7:56 PM
Birkenstock Shares Rise After JPMorgan Reaffirms Bullish View
Birkenstock shares rose after JPMorgan reiterated its Overweight rating and
$58 price target, citing investor meetings at the bank’s 17th Annual US All Stars Conference in London. The company’s investor-relations chief reaffirmed its multiyear growth framework, including expectations for 13%-15% constant-currency revenue growth, driven by roughly 10% annual unit growth and low- to mid-single-digit gains in average selling prices.
JPMorgan also projects about 35% EPS growth for fiscal 2027, significantly above broader market expectations. The outlook helped strengthen confidence in Birkenstock’s growth trajectory after the stock had recently traded near its 52-week low of
$29.93, leaving it technically oversold.
The broader market provided additional support, with the S&P 500 up about 0.4% and the Dow Jones Industrial Average gaining roughly 0.8%.
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