FMP
UBS Expresses Skepticism on Columbia Sportswear's Long-Term Growth Prospects
Dec 28, 2023 11:59 PM - Davit Kirakosyan(Last modified: Dec 29, 2023 5:55 AM)
Image credit: FMP
UBS analysts maintained a Neutral rating on Columbia Sportswear (NASDAQ:COLM), setting a $76 price target. The analysts' skepticism about Columbia's long-term growth stems from a recent global sportswear survey by UBS, which showed the brand lagging behind peers in awareness, purchase intent, and loyalty.
While acknowledging Columbia as a leading outdoor brand, the analysts doubt significant sales growth, predicting only a 5% 5-year EPS Compound Annual Growth Rate (CAGR).
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