Amer Sports, Inc. (AS)
Amer Sports, Inc. (AS) is a global sporting goods company known for designing, manufacturing, and marketing products across various sports categories, including skiing, running, team sports, and outdoor equipment. The company owns several well-known brands such as Salomon, Arc’teryx, Wilson, andPRECOR, and has a strong presence in both recreational and professional sports markets worldwide.
Company News
Deutsche Bank upgraded Lam Research from Hold to Buy, raising price target from $100 to $150. Several other companies also received analyst upgrades, including Innoviz Technologies, General Dynamics, and Amer Sports.
Lululemon faces significant challenges from tariffs, cutting guidance and experiencing stock price declines. Meanwhile, competitors like Amer Sports, Urban Outfitters, and On Holding are navigating the tariff environment more effectively and showing stronger performance.
Amer Sports, a sporting goods company, reported strong Q1 results, beating analyst estimates and raising guidance. Analysts have responded by raising their price targets on the stock, citing the company's ability to drive robust growth in its mature brands.
The global commercial fitness equipment market is expected to grow at a CAGR of 8.07% from 2025 to 2030, driven by increasing health consciousness and the rising trend of bodybuilding and fitness. North America and Asia-Pacific are expected to be the key growth regions.