Telsey Advisory Maintains Buy Rating on Birkenstock Holding, Keeps PT at $70

Birkenstock Holding plc (NYSE:BIRK) is one of the 9 Best Footwear Stocks to Buy Now. On August 25, Telsey Advisory maintained its Buy rating on Birkenstock Holding plc (NYSE:BIRK), keeping the price target at $70.

Jason Strominger from Telsey Advisory retained the rating on BIRK following the strong Q3 FY2025 results. Birkenstock posted revenue of $739.62 million, achieving a 16% growth in constant currency. The company experienced this double-digit growth across all segments and channels, with the Americas, EMEA, and APAC regions soaring by 16%, 13%, and 24% in constant currency, respectively. Birkenstock’s B2B channel outpaced D2C, with B2B revenue up 18% in constant currency, fueled by robust sell-through at retail partners.

Strominger remains optimistic about Birkenstock as the company continues to expand its retail presence. Birkenstock plans to reach around 100 stores by the end of FY2025, gaining more in-person shopping demand.

Birkenstock Holding plc (NYSE:BIRK) focuses on the manufacturing and sale of footwear products. It offers sandals, shoes, closed-toe silhouettes, and accessories.

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Disclosure: None. This article is originally published at Insider Monkey.