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Stocks•5 May 2026•

1 min read

RBC Capital Raises Adidas Price Target Following Strong Q1 Earnings Beat

Key Facts

1RBC Capital Markets raised its price target for Adidas to EUR 170.00 from EUR 160.00 while maintaining a Sector Perform rating.

2Adidas's currency-neutral sales reached €6.60 billion in Q1, beating expectations of €6.30 billion.

3The company's operating profit increased by 16% year-over-year to reach €705.00 million.

RBC Capital Markets has increased its price target for Adidas to EUR 170.00 from EUR 160.00, while maintaining a Sector Perform rating on the stock. The upward revision follows a robust first-quarter performance where currency-neutral sales reached €6.60 billion, surpassing the consensus estimate of €6.30 billion. Operating profit for the period saw a significant 16% year-over-year increase, climbing to €705.00 million. This growth was largely supported by strong demand in performance sports and retro lifestyle footwear, with performance sports revenue alone rising by 29%. Analysts attribute the beat to improved brand momentum and effective execution of the company's current strategic turnaround.