Baird Reiterates Outperform on Avery Dennison, Sees Strong Long-Term Growth Drivers

Baird analysts reiterated their Outperform rating for Avery Dennison (NYSE:AVY) with a price target of $250 on the stock.

The analysts highlighted that the company’s long-term financial targets through 2028 largely mirror its previous projections, reinforcing the idea that Avery Dennison continues to benefit from strong growth drivers, particularly in high-value categories and RFID technology. They view these factors as supporting an attractive long-term investment profile. The analysts also noted that additional key markets are on the verge of adopting RFID technology, which could further boost the company’s prospects.

The $250 price target is based on a valuation of approximately 24x the analyst’s 2025 EPS estimate of $10.50.