adidas AG Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, adidas AG stock has a consensus rating of "Buy" and an average price target of $114.9. The average 1-year stock price forecast is 11.38% higher than the current stock price, while the lowest is $106 (+2.75%) and the highest is $132.5 (+28.44%).

Price Target: $114.9 (+11.38%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$106	$114.9	$110	$132.5
Change	+2.75%	+11.38%	+6.63%	+28.44%

* Price targets were last updated on Apr 27, 2026.

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

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	1	1	1	1	1	1
Buy	2	2	2	2	1	1
Hold	1	1	1	2	3	3
Sell	1	1	1	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Aneesha Sherman Bernstein	Bernstein	Buy Maintains $133	Buy	Maintains	$133	+28.44%	Apr 27, 2026
Unknown Analyst Berenberg Bank No rating	Berenberg Bank	Hold Reiterates $128 → $110	Hold	Reiterates	$128 → $110	+6.63%	Mar 20, 2026

Financial Forecast

Revenue This Year

26.71B

from 24.81B

7.67%

from 24.81B

Revenue Next Year

28.73B

from 26.71B

7.55%

from 26.71B

EPS This Year

9.65

from 7.46

29.35%

from 7.46

EPS Next Year

11.82

from 9.65

22.47%

from 9.65

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	26.71B
Revenue Growth	15.18%	6.01%	-4.81%	10.53%	4.76%	7.67%
Gross Profit	10.77B	10.64B	10.18B	12.03B	12.81B	13.77B
Gross Margin	50.70%	47.28%	47.52%	50.77%	51.61%	51.54%
Operating Income	2.00B	682.00M	280.00M	1.25B	2.05B	2.49B
Net Income	2.12B	612.00M	-75.00M	764.00M	1.34B	1.65B
EPS	-	-	-	-	7.46	9.65
EPS Growth	-	-	-	-	76.19%	29.35%
Forward PE	-	-	-	-	-	9.36
Dividend / Share	3.30	0.70	0.70	2.00	2.80	3.80
Dividend Growth	-	-78.79%	-	185.71%	40.00%	35.60%
Free Cash Flow	554.50M	-180.08M	2.12B	1.79B	330.30M	2.24B
No. Analysts	-	-	-	-	-	27

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

Revenue Forecast

Revenue	2026	2027	2028
High	27.5B
Avg	26.7B
Low	26.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	10.8%
Avg	7.7%
Low	5.5%

EPS Forecast

EPS	2026	2027	2028
High	11.32
Avg	9.65
Low	8.91

EPS Growth

EPS Growth	2026	2027	2028
High	51.7%
Avg	29.4%
Low	19.4%