adidas AG Stock Forecast

Stock Price Forecast

According to 30 analysts polled by S&P Global, adidas AG stock has a consensus rating of "Buy" and an average price target of €202.72. The average 1-year stock price forecast is 28.67% higher than the current stock price, while the lowest is €170.00 (+7.90%) and the highest is €255.00 (+61.85%).

Price Target: €202.72 (+28.67%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	€170.00	€202.72	€200.00	€255.00
Change	+7.90%	+28.67%	+26.94%	+61.85%

Analyst Ratings

The average analyst rating for adidas AG stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '26
Strong Buy	16	16	16	16	16	15
Buy	6	6	6	7	7	7
Hold	6	6	7	6	7	8
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	29	29	29	29	30	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Robert Krankowski UBS	UBS	Hold Downgrades €219.00 → €173.00	Hold	Downgrades	€219.00 → €173.00	+9.81%	Aug 4, 2026
Richard Edwards Goldman Sachs	Goldman Sachs	Hold Maintains €185.00 → €180.00	Hold	Maintains	€185.00 → €180.00	+14.25%	Aug 3, 2026
Thomas Maul DZ BANK AG	DZ BANK AG	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Aug 1, 2026
Nick Anderson CFA Berenberg Bank	Berenberg Bank	Hold Maintains €190.00	Hold	Maintains	€190.00	+20.60%	Jul 31, 2026
Piral Dadhania RBC Capital	RBC Capital	Buy Maintains €210.00 → €200.00	Buy	Maintains	€210.00 → €200.00	+26.94%	Jul 31, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

26.94B

from 24.81B

8.57%

from 24.81B

Revenue Next Year

28.91B

from 26.94B

7.34%

from 26.94B

EPS This Year

9.32

from 7.46

24.97%

from 7.46

EPS Next Year

11.66

from 9.32

25.12%

from 9.32

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	21.23B	22.51B	21.43B	23.68B	24.81B	26.94B
Revenue Growth	15.18%	6.01%	-4.81%	10.53%	4.76%	8.57%
Gross Profit	10.77B	10.64B	10.18B	12.03B	12.81B	13.95B
Gross Margin	50.70%	47.28%	47.52%	50.77%	51.61%	51.80%
Operating Income	2.00B	682.00M	280.00M	1.25B	2.05B	2.47B
Net Income	2.12B	612.00M	-75.00M	764.00M	1.34B	1.62B
EPS	-	-	-	-	7.46	9.32
EPS Growth	-	-	-	-	76.19%	24.97%
Forward PE	29.14	45.68	67.64	34.89	17.27	16.90
Dividend / Share	3.30	0.70	0.70	2.00	2.80	3.67
Dividend Growth	10.00%	-78.79%	-	185.71%	40.00%	31.23%
Free Cash Flow	554.50M	-180.08M	2.12B	1.79B	330.30M	2.18B
No. Analysts	-	-	-	-	-	25

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	27.3B
Avg	26.9B
Low	26.7B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	10.0%
Avg	8.6%
Low	7.4%

EPS Forecast

Chart

EPS	2026	2027	2028
High	10.08
Avg	9.32
Low	8.67

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	35.1%
Avg	25.0%
Low	16.2%