Piper Sandler has reaffirmed an Overweight rating on Amer Sports Inc. and maintained a $45.00 price target on the shares. The firm noted recent strength in the stock, which has risen 10% so far this year against a 1% gain for the coverage universe cited by the firm.
Amer Sports is trading at $41.51, close to its 52-week high of $42.36, and has produced a 1-year return of 41%. The company is scheduled to publish fourth-quarter and full-year 2025 results on February 24, 2026.
Across the past twelve months, sell-side projections for Amer Sports have trended higher. On average, analyst estimates have increased 15%, with sales forecasts climbing about 9% and EBITDA estimates rising roughly 20%. Management has exceeded sales expectations by an average of 3% over the last two quarters, according to the reporting.
Piper Sandler pointed to the company’s guidance dynamics, noting that the high end of the 2025 earnings per share guidance implies approximately 40% average growth versus the initial guidance issued in February 2025. The firm expects the 2026 consensus EPS estimate of $1.16 to fall within the company’s guidance range.
Valuation has drawn attention from market data providers. The stock is trading at 19 times enterprise value to EBITDA in the view cited by Piper Sandler, which represents a 3-4 times multiple expansion since Amer Sports reported third-quarter 2025 results. Separately, InvestingPro data shows an EV/EBITDA of 27.91 and includes a note that the company is "trading at a high EBITDA valuation multiple." That platform’s analysis also suggests the stock is currently overvalued relative to its Fair Value.
Piper Sandler emphasized the company’s brand portfolio, specifically calling out Salomon as an asset in the early stages of geographic expansion in the U.S. and China. The firm views these expansion activities as a driver of growth potential.
Corporate finance actions are also on the calendar. Amer Sports announced plans to redeem $80 million of its 6.750% Senior Secured Notes due 2031, with the redemption scheduled for February 6, 2026. Management has set February 24, 2026, as the date to release fourth-quarter and full-year 2025 results; that release will be accompanied by a management-hosted webcast.
Other analyst activity has been notable. Truist Securities raised its price target for Amer Sports to $46 while keeping a Buy rating, citing persistent growth levers across the business. Barclays initiated coverage with an Overweight rating and a $49 price target, highlighting brand awareness and adoption as favorable positioning. These analyst moves collectively reflect a generally constructive view of Amer Sports’ growth prospects among the sell-side.
Context and implications
Investor attention is likely to remain focused on the upcoming earnings release and management commentary, the planned bond redemption in early February, and how guidance compares with the upgraded consensus estimates for sales and EBITDA. Valuation metrics cited by third-party data providers provide counterpoints to the positive analyst sentiment and will be part of the investor assessment of the stock’s risk-reward profile.