Wolverine World Wide Soars 3.76% on Baird Upgrade

On April 23, 2025, Wolverine World Wide's stock surged by 3.76% in pre-market trading, reflecting a significant boost in investor confidence.

Baird has upgraded Wolverine World Wide (WWW) from Neutral to Outperform, maintaining a price target of $15. This upgrade is driven by an improved risk/reward profile following a recent decline in the stock's value. Despite a 55% drop from its peak, the company's conservative projections for 2025 growth, particularly in the Saucony brand and consolidated gross margin, suggest limited impact from China-to-U.S. sourcing. Baird also expresses optimism regarding the minimal impact of tariffs on earnings and highlights the revival of the Saucony brand as a potential buffer against current market challenges, offering stability and future growth prospects.

Analysts have provided a range of one-year price targets for Wolverine World Wide, with an average target of $19.67, implying an upside of 82.27% from the current price. The consensus recommendation from brokerage firms indicates an "Outperform" status, with a rating scale ranging from 1 to 5, where 1 signifies Strong Buy and 5 denotes Sell. The estimated GF Value for Wolverine World Wide in one year is $11.41, suggesting a 5.75% upside from the current price.