Adidas stock receives updated ratings from Jefferies and Deutsche Bank

Financial institutions have issued updated analyses regarding Adidas stock. Jefferies & Company Inc. maintained a ‘Buy’ rating for Adidas with a price target of 187 euros. Analyst James Grzinic noted that recent signals suggest a stronger dependence on the fourth quarter than previously expected, making the final quarter a critical test before facing high comparison hurdles in the first half of 2027.

Similarly, Deutsche Bank Research maintained its ‘Buy’ rating for Adidas but lowered its price target from 210 euros to 205 euros. Analyst Adam Cochrane noted that industry pressure increased in the third quarter and suggested that annual targets appear realistic rather than conservative. The report indicated that while the stock has been a frustrating investment for investors recently, the issues are not attributed to management in Herzogenaurach.