Amer Sports (AS) EPS Forecast Exceeds $2.50 by 2030, Says Truist

Amer Sports Inc. (NYSE:AS) ranks among the best high growth European stocks to buy. On January 14, Truist Securities raised its price target for Amer Sports Inc. (NYSE:AS) to $46 from $45, while keeping a Buy rating on the company’s shares. The firm noted “durable growth levers across the business” as its main justification for maintaining a bullish perspective on the company.

According to Truist, Amer Sports Inc. (NYSE:AS) management has defined a long-term strategy for 2030, which involves a revenue compound annual growth rate (CAGR) within the low double-digit to mid-teens range and an annual adjusted operating margin boost of 30-70 basis points or higher.

These ambitions correspond to a 5-year earnings per share CAGR of more than 25% and earnings per share of over $2.50 in fiscal year 2030, both of which Truist says are realistic given the company’s efforts to grow across a number of brands, as well as its proven execution track record in China.

Amer Sports Inc. (NYSE:AS) designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

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