Analysts Are Optimistic About Birkenstock as They Initiate Coverage

Amid a broader market rebound in the past week, the stock picked back up. Monday, shares closed up to $41.16.’s brand history, loyal consumer base, product assortment and distribution model as positive assets that will help the stock increase in value over time.

Jefferies analyst Randal Konik also highlighted Birkenstock’s reputation as a “historic brand with a loyal customer base” in his note, giving the stock a $50 price target. BMO Capital Markets analyst Simeon Siegel said there is still more runway for growth within core business, product extension and geographic expansion in his note, announced a target price of $50 and an “outperform” rating for the stock.

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