Truist Bullish on Amer Sports, Forecasts EPS Above $2.50 by 2030 on Strong Growth Strategy
In a move underscoring confidence in its long-term vision, Amer Sports, Inc. (NYSE: AS) received a vote of confidence from Truist Securities. The analyst firm lifted its price target on the stock to $46 from $45 while maintaining a Buy rating, pointing to the company's robust growth strategy spanning its diverse brand portfolio.
The updated assessment follows Amer Sports' articulation of ambitious financial targets through 2030. Management aims to deliver revenue growth in the low double-digit to mid-teens range on a compound annual basis. Concurrently, the company plans to expand its annual adjusted operating margin by 30 to 70 basis points or more each year.
"These targets are not just aspirational; they are backed by a tangible playbook," a Truist analyst noted in the research update. "We view the path to an EPS CAGR exceeding 25% over five years and earnings per share above $2.50 by fiscal 2030 as achievable, given the company's successful execution, particularly in key markets like China, and its multi-brand growth engines."
Amer Sports, owner of globally recognized brands including Arc'teryx, Salomon, and Wilson, operates across three core segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. The company's strategy hinges on premium brand positioning and geographic expansion.
Analyst & Investor Commentary:
"Sarah Chen, Portfolio Manager at Horizon Growth Fund:" "This isn't a flash-in-the-pan forecast. Amer has demonstrated consistent operational discipline. The margin expansion plan, coupled with solid top-line growth from brands like Arc'teryx, makes the 2030 EPS target credible. It's a textbook case of a compounder."
"Marcus Thorne, Independent Retail Analyst:" "Color me skeptical. The entire premise rests on flawless execution for six more years in a volatile consumer environment. A mid-teens revenue CAGR is a massive ask, and competition in technical apparel is fiercer than ever. This feels like analyst groupthink, not grounded reality."
"David Park, Long-term Shareholder:" "As someone who's held through the IPO, it's encouraging to see analysts recognizing the long-game strategy. The China success story is real, and if they can replicate even half of that momentum in other regions, $2.50 EPS might be conservative."
"Jenna Rivera, Market Strategist at ClearView Advisors:" "The raised target is modest, but the significant takeaway is the endorsement of the 2030 framework. It provides a measurable benchmark for investors to track management's performance against its own promises over the coming years."
The report from Truist reinforces a growing narrative on Wall Street that views Amer Sports as a well-structured play on the premiumization trend within the sporting goods and active lifestyle sectors.