Amer Sports Receives Moderate Buy Rating from Analysts Amid Positive Earnings

Amer Sports, Inc. (NYSE:AS) Receives Moderate Buy Consensus from Analysts Shares of Amer Sports, Inc. have garnered an average rating of "Moderate Buy" from sixteen analyst firms covering the company, according to MarketBeat. Among these, four analysts recommend holding the stock, eleven suggest buying, and one rates it strongly as a buy. The average price target over the next year stands at $38.74. The company has attracted attention from multiple research institutions. Piper Sandler initiated coverage with an "Overweight" rating and a $45.00 price target. JPMorgan Chase raised their target to $46.00 and maintained an "Overweight" rating. Wall Street Zen upgraded Amer Sports from a "Hold" to a "Buy". Morgan Stanley increased their price target from $28.00 to $33.00 with an "Equal Weight" rating, while Wells Fargo set a $35.00 target with an "Equal Weight" rating. Institutional investors continue to hold significant positions, with JPMorgan Chase increasing its stake substantially in the last quarter. Other notable investors include Norges Bank and Trexquant Investment, reflecting strong institutional confidence. In recent trading, Amer Sports opened at $36.49, with a market ca...