27.10.2020 00:26:00

Under Armour Set to Rocket 39% Higher, Analyst Says

Under Armour's (NYSE: UA) (NYSE: UAA) stock price should move up to $17 per share. That's the view of analyst Matthew Boss from JPMorgan Chase's J.P. Morgan unit, who on Monday raised his price target to that level from the previous $12.Interestingly, although this implies a potential gain of nearly 40% on the current price, Boss maintained his neutral rating on the stock, despite his prediction that Under Armour will top analyst estimates in its Q3 2020 results. These are slated to be released this Friday, Oct. 30; the analyst thinks the company's net profit will be well higher than the average estimate: $0.07 per share, against expectations of $0.02.Image source: Getty Images.Continue reading
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