adidas: Positive Results And Favorable Guidance Are Priced In

Elevator Pitch My view of adidas is Neutral, taking into consideration both its financial performance and valuations. ADDYY's Q2 2024 revenue and operating profit surpassed the market's expectations, and the company has revised its full-year guidance upwards. But adidas' shares are expensive, as the stock trades at relatively higher multiples as compared to its peers. Therefore, it is reasonable to assign a Hold rating to adidas, as positives have been priced in for this stock. The company's shares can be t ...