Goldman Sachs lowered the firm’s price target on Birkenstock (BIRK) to $57.90 from $59.10 and keeps a Neutral rating on the shares. The company reported “robust” Q4 earnings that confirm its strong brand momentum, while margins surprised positively and drove earlier operating leverage vs. prior expectations, the analyst tells investors in a research note. The firm adds however that it will continue to monitor channel feedback with the view that the next potential catalyst will be the performance in the seasonally largest periods of the year, also noting that the management’s outlook for FY25 was “modestly light”.
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Read More on BIRK:
- Telsey names top picks for 2025
- Birkenstock price target raised to $66 from $65 at Deutsche Bank
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- Birkenstock price target raised to $70 from $65 at BofA
- Birkenstock price target raised to $72 from $65 at Baird
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
