Birkenstock shares are trading at an 'attractive entry point,' analyst Louise Singlehurst said.
Sandal maker Birkenstock is an attractive play with a long-term growth profile, according to Goldman Sachs. Analyst Louise Singlehurst upgraded shares to buy from neutral and kept her 12-month price target of $60, which suggests the stock can jump 18% from its latest close. "In terms of valuation, the recent relative softness versus the footwear/lifestyle peers provides an opportunity to revisit the investment thesis," Singlehurst said in a note to clients.
mountain Birkenstock performance over the past one year.
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