Jefferies Rates Amer Sports (AS) Buy, $42 Price Target
Jefferies has reaffirmed its Buy rating for Amer Sports, setting a target price of $42, a 41.32% upside from the current price.
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Jefferies rated Amer Sports, Inc. ($AS) "Buy" with a $42 price target on October 13, 2026.
Since the rating, $AS is up 2.8% to date (from the $29.20 close on Oct 13, 2026).
AS
Amer Sports, Inc.
Key Points
- On October 13, 2026, Jefferies reiterated its Buy rating on Amer Sports, Inc. (NYSE: AS) with a price target of $42.
- Jefferies's $42 price target implies 41.32% upside from Amer Sports, Inc.'s ($AS) current $29.72 share price.
- As of October 16, 2026, Amer Sports shares traded at $29.72, significantly below the analysts' target and 30.5% off its 52-week high.
- The company reported trailing twelve-month revenue of $7.44 billion, with a year-over-year revenue growth of 32.1%.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Amer Sports, Inc. alert may contain errors. Disclosures
Jefferies has reiterated its Buy rating for Amer Sports, Inc. (NYSE: AS) on October 13, 2026, setting a target price of $42. This is a significant gap from the current trading price, which was $29.72 as of October 16, 2026.
Other Institutional Activity in Amer Sports
FMR, LLC increased its stake by 2,447,950 shares, totaling 27,503,726 shares worth about $825.7 million. Assenagon Asset Management S.A. doubled its holdings, adding 3,229,639 shares to reach 6,459,278 shares valued at approximately $193.9 million. Point72 Asset Management, L.P. reduced its position by 190,331 shares, leaving it with 9,722,736 shares worth about $291.9 million.
Amer Sports, Inc. Stock Up 3.1%
Amer Sports shares are currently trading below their 50-day moving average by about 0.2% and are 13.2% below the 200-day average. The stock is also approximately 30.5% off its 52-week high of $42.76, suggesting it has room to grow if it approaches its target price.
$AS price target
Amer Sports, Inc. daily closes and this analyst's $42 target. Not advice.
Recent Earnings
For the trailing twelve months, Amer Sports reported revenue of $7.44 billion and an earnings per share (EPS) of $0.95. The company has a net margin of 7.3% and a return on equity (ROE) of 9.1%. The next earnings report is scheduled for November 17, 2026.
Insider Buying and Selling at Amer Sports, Inc.
In recent transactions, CEO Jie Zheng sold 500,000 shares on June 3, 2026, at an average price of $34.42, totaling about $17.2 million. Other insiders, including Officer Stuart C Haselden, sold 215,275 shares valued at approximately $7.7 million on June 1, 2026. CFO Andrew E Page and Officer Wen-Chang Victor Chen also sold smaller amounts of shares earlier in September.
Analysts Set New Price Targets
On October 13, 2026, Jefferies initiated a Buy rating for Amer Sports with a target price of $42. Earlier, on September 9, BMO Capital initiated coverage with an Outperform rating and a price target of $38. BTIG also initiated coverage with a Buy rating and a target of $42 on September 10, while Wells Fargo maintained an Overweight rating with a revised target of $40 on September 18.
About Amer Sports
Amer Sports, Inc. designs and sells sports equipment, apparel, and accessories across various markets, including Europe, Asia, and the Americas. The company operates through segments like Technical Apparel and Ball & Racquet Sports, making it a key player in the leisure industry.
Bottom Line
Investors should watch for Amer Sports' upcoming earnings report on November 17, 2026, to see how the company performs amid its growth trajectory. With Jefferies reaffirming its positive outlook, the stock may have potential upside as it aims to close the gap to the target price.
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Source: Jefferies's rating change on $AS (Oct 13, 2026). Written by software, not financial advice. How we make alerts