adidas AG : A trend reversal is in sight
Entry price | Target | Stop-loss | Potential |
---|
€166.95 |
€199.95 |
€163 |
+19.77% |
---|
The timing from a technical point of view appears attractive to go long in shares of adidas and to anticipate a trend reversal.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● The company benefits from high valuations in earnings multiples.
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