Adidas receives bullish outlook from RBC with €200 price target

The Royal Bank of Canada (RBC) has maintained an optimistic outlook on Adidas, reaffirming an ‘Outperform’ rating with a price target of €200.

Analyst Piral Dadhania noted that while the wholesale business currently shows restraint, this is reflected in market expectations. The analysis suggests that maintaining discipline within the wholesale sector is the critical factor for establishing a strong foundation for 2027. Consequently, 2026 is viewed as a preparatory year for the company.