Under Armour (UAA) Soars 22% as 2 Analysts Hike PT

Under Armour surged by 22.5 percent week-on-week, arsenic investors took way from higher terms targets from 2 concern companies, contempt the sports apparel maker’s disappointing net show successful the 3rd 4th of fiscal twelvemonth 2026.

In abstracted marketplace reports, Barclays and Truist Securities some raised their terms targets for Under Armour Inc. (NYSE:UAA) to $8, from $6 and $5, respectively.

Barclays reaffirmed its “neutral” stance, portion Truist maintained its“hold” proposal for the stock.

Meanwhile, it received a “sell” proposal from JPMorgan astatine a terms people of $5.

The banal sum followed Under Armour Inc.’s (NYSE:UAA) dismal net show successful the 3rd 4th ending December 31, with the institution swinging to a nett nonaccomplishment of $430.8 cardinal from a $1.2 cardinal nett income successful the aforesaid play a twelvemonth earlier.

Net revenues declined by 7 percent to $1.3 cardinal from $1.4 cardinal year-on-year.

For the nine-month period, Under Armour Inc. (NYSE:UAA) widened its nett nonaccomplishment by 238 percent to $452 cardinal from $133.8 cardinal successful the aforesaid play a twelvemonth earlier. Net revenues dipped by 4.5 percent to $3.8 cardinal from $3.98 cardinal year-on-year.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.