Amer Sports Soars 0.80% on TD Cowen's $37 Price Target

Amer Sports (AS) shares rose 0.80% today, marking the second consecutive day of gains, with a total increase of 1.75% over the past two days. The stock price reached its highest level since February 2025, despite an intraday decline.

The strategy of buying AS shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 8.33%, slightly underperforming the market by 1.67 percentage points. With a final value of $1,618.63, the strategy showed that compounded returns, although respectable, could be further optimized by more aggressive or diversified investment approaches.

TD Cowen has recently boosted its price target for Amer Sports from $30 to $37, while maintaining a Buy rating. This move reflects strong confidence in the company's performance and prospects, particularly highlighting the success of its brands like Arc'teryx and Salomon. The increased price target is a significant indicator of the positive outlook for Amer Sports, suggesting that the company is well-positioned for future growth.

On May 5, analyst John Kernan from TD Cowen reaffirmed a Buy rating for Amer Sports, citing the company's strong market position and growth prospects. This reaffirmation has contributed to the positive sentiment surrounding the stock, further boosting investor confidence. The combination of a higher price target and a reaffirmed Buy rating from a reputable analyst has likely played a key role in the recent upward trend of Amer Sports' stock price.