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Benzinga
Benzinga
Business
Shivani Kumaresan

Analysts Bump Up Price Target On This Sporting Goods Company - Read Why

Academy Sports ASO Academy Sports And Outdoors Inc Loop Capital Nasdaq Stephens (Organization)
  • Stephens analyst Daniel Imbro raised the price target on Academy Sports and Outdoors Inc (NASDAQ:ASO) to $70 from $68 and maintained an Overweight rating on the shares. The revised price target implies a 75% upside.
  • The analyst cites the company's Q4 as another quarter of solid margin leverage.
  • The analysts added that the current valuation is too cheap for the opportunity.
  • Loop Capital analyst Daniel Adam raised the price target on Academy Sports to $50 from $43 and kept a Buy rating on the shares. The increased price target implies a 25% upside.
  • Academy Sports reported a 13.2% year-on-year sales growth in Q4.
  • Price Action: ASO shares are trading higher by 0.91% at $39.89 on the last check Wednesday.
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