Amer Sports Inc. (NYSE:AS) is among the best European high growth stocks to buy. On January 14, Truist Securities raised its price target for Amer Sports Inc. (NYSE:AS) to $46 from $45, while maintaining a Buy rating on the company’s stock. The firm pointed to “durable growth levers across the business” as its primary justification for maintaining a bullish outlook on the company.
According to Truist, Amer Sports Inc. (NYSE:AS) management has defined a long-term strategy for 2030, which involves a revenue compound annual growth rate (CAGR) in the low double-digit range to the mid-teens and an increase in annual adjusted operating margin of 30 to 70 basis points or more.
These ambitions correspond to a 5-year CAGR of more than 25% and earnings per share of more than $2.50 in fiscal 2030, which Truist says are realistic given the company’s efforts to grow across multiple brands as well as its proven track record of execution in China.
Amer Sports Inc. (NYSE:AS) designs, manufactures, markets, distributes and sells sports equipment, apparel, footwear and accessories. It operates through three segments: technical apparel, outdoor performance, and ball and racquet sports.
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Disclosure: None. This article was originally published in Internal jumpsuit.