Overview
Adidas AG, headquartered in Herzogenaurach, Germany, operates globally as a leading entity in the sportswear industry. Founded in 1949, Adidas specializes in the design, distribution, and marketing of athletic and sporting lifestyle products. Key product lines include shoes, apparel, and accessories. The company also owns Reebok, a subsidiary acquired in 2006, enhancing its market portfolio in the fitness sector. Adidas is recognized for its innovations in high-performance footwear, collaborations with high-profile designers and celebrities, and sustainability projects such as the 'Parley for the Oceans', which emphasizes eco-friendly manufacturing practices by using recycled ocean plastic. These strategic initiatives underscore its commitment to a blend of performance, fashion, and environmental responsibility.
Basic Stats
The share price of adidas AG - Depositary Receipt (Common Stock) as of June 11, 2024 is $121.41 / share.
The Factor Analysis chart (below right) shows a view of adidas AG - Depositary Receipt (Common Stock) from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | |
| EV | |
| Shares Out. | 178.55 MM |
| Earnings Date | |
| EPS (TTM) | 6.73 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-05-19 |
| Borrow Rate | 11.46 |
| Short Shares Avail. | 0.02 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | 0.06 |
| ROE | 0.22 |
| ROIC | 0.11 |
| CROIC | -0.08 |
| OCROIC | 0.11 |
| Implied Volatility | |
| Put/Call OI Ratio |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for adidas AG - Depositary Receipt (Common Stock) is $145.10. The forecasts range from a low of $117.51 to a high of $171.03. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for adidas AG - Depositary Receipt (Common Stock). An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-03-29 | CREDIT SUISSE - EUROPE | Neutral | Neutral | Maintains |
| 2022-03-23 | BAADER HELVEA EQUITY RESEARCH | Buy | Buy | Maintains |
| 2022-03-22 | BAADER HELVEA EQUITY RESEARCH | Buy | Buy | Maintains |
| 2022-03-14 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2022-03-13 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2022-03-09 | WARBURG RESEARCH GMBH | Sell | Hold | Upgrade |
| 2022-03-09 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2022-03-08 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2022-02-01 | PIPER SANDLER COMPANIES | Neutral | Neutral | Maintains |
| 2022-01-31 | PIPER SANDLER COMPANIES | Neutral | Neutral | Maintains |
| 2022-01-03 | DAY BY DAY | Buy | Hold | Downgrade |
| 2022-01-02 | DAY BY DAY | Buy | Hold | Downgrade |
| 2021-11-22 | HSBC | Hold | Buy | Upgrade |
| 2021-11-21 | HSBC | Hold | Buy | Upgrade |
| 2021-11-12 | DZ BANK | Hold | Hold | Maintains |
| 2021-11-11 | DZ BANK | Hold | Hold | Maintains |
| 2021-10-01 | DAY BY DAY | Buy | Buy | Maintains |
| 2021-09-30 | DAY BY DAY | Buy | Buy | Maintains |
| 2021-08-27 | PARETO SECURITIES AS | Hold | Hold | Maintains |
| 2021-08-26 | PARETO SECURITIES AS | Hold | Hold | Maintains |
| 2021-08-05 | PIVOTAL RESEARCH GROUP | Hold | Hold | Maintains |
| 2022-07-12 | DZ BANK | Hold | Buy | Upgrade |
| 2022-06-28 | WARBURG RESEARCH GMBH | Hold | Buy | Upgrade |
| 2023-12-22 | BRYAN GARNIER | Neutral | Neutral | Maintains |
| 2023-12-22 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2023-12-18 | DAY BY DAY | Sell | Hold | Upgrade |
| 2023-12-11 | BERENBERG | Buy | Buy | Maintains |
| 2023-12-01 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2023-11-27 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-11-27 | HSBC | Buy | Buy | Maintains |
| 2023-11-23 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Buy | Upgrade |
| 2023-11-22 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-11-10 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2023-11-09 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-11-09 | HAUCK AUFHAEUSER INVESTMENT BANKING | Sell | Sell | Maintains |
| 2023-11-08 | WEDBUSH SECURITIES INC. | Neutral | Neutral | Maintains |
| 2023-11-08 | STIFEL EUROPE | Hold | Hold | Maintains |
| 2023-11-08 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2023-10-20 | DZ BANK | Hold | Hold | Maintains |
| 2023-10-17 | CRISPIDEA PRIVATE LIMITED | Hold | Sell | Downgrade |
| 2023-10-02 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2023-08-28 | HSBC | Buy | Buy | Maintains |
| 2023-08-27 | HSBC | Buy | Buy | Maintains |
| 2023-08-24 | HAUCK AUFHAEUSER INVESTMENT BANKING | Sell | Sell | Maintains |
| 2023-08-23 | HAUCK AUFHAEUSER INVESTMENT BANKING | Sell | Sell | Maintains |
| 2023-08-23 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-08-23 | DZ BANK | Hold | Hold | Maintains |
| 2023-08-22 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2023-08-22 | DZ BANK | Hold | Hold | Maintains |
| 2023-08-16 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-08-15 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-08-15 | WEDBUSH SECURITIES INC. | Neutral | Neutral | Maintains |
| 2023-08-14 | WEDBUSH SECURITIES INC. | Neutral | Neutral | Maintains |
| 2023-08-08 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2023-08-07 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2023-08-04 | SOCIETE GENERALE | Hold | Buy | Upgrade |
| 2023-08-04 | CREDIT SUISSE - EUROPE | Underperform | Underperform | Maintains |
| 2023-08-03 | SOCIETE GENERALE | Hold | Buy | Upgrade |
| 2023-08-03 | CREDIT SUISSE - EUROPE | Underperform | Underperform | Maintains |
| 2023-08-03 | STIFEL EUROPE | Hold | Hold | Maintains |
| 2023-08-03 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2023-08-02 | STIFEL EUROPE | Hold | Hold | Maintains |
| 2023-08-02 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2023-07-25 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2023-07-25 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2023-07-24 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2023-07-24 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2023-07-24 | DAY BY DAY | Sell | Sell | Maintains |
| 2023-07-23 | DAY BY DAY | Sell | Sell | Maintains |
| 2023-07-19 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-07-18 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-07-17 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Hold | Maintains |
| 2023-07-16 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Hold | Maintains |
| 2023-07-13 | SOCIETE GENERALE | Hold | Hold | Maintains |
| 2023-07-12 | SOCIETE GENERALE | Hold | Hold | Maintains |
| 2023-07-04 | BERENBERG | Hold | Buy | Upgrade |
| 2023-07-03 | BERENBERG | Hold | Buy | Upgrade |
| 2023-06-06 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2023-06-05 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2023-05-31 | REDBURN LIMITED | Buy | Buy | Maintains |
| 2023-05-30 | REDBURN LIMITED | Buy | Buy | Maintains |
| 2023-05-29 | DAY BY DAY | Hold | Sell | Downgrade |
| 2023-05-28 | DAY BY DAY | Hold | Sell | Downgrade |
| 2023-05-25 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Hold | Downgrade |
| 2023-05-24 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Hold | Downgrade |
| 2023-05-24 | BNP PARIBAS EXANE | Outperform | Neutral | Downgrade |
| 2023-05-23 | BNP PARIBAS EXANE | Outperform | Neutral | Downgrade |
| 2023-05-22 | HSBC | Hold | Buy | Upgrade |
| 2023-05-22 | WARBURG RESEARCH GMBH | Buy | Hold | Downgrade |
| 2023-05-21 | HSBC | Hold | Buy | Upgrade |
| 2023-05-21 | WARBURG RESEARCH GMBH | Buy | Hold | Downgrade |
| 2023-05-11 | WEDBUSH SECURITIES INC. | Outperform | Neutral | Downgrade |
| 2023-05-10 | WEDBUSH SECURITIES INC. | Outperform | Neutral | Downgrade |
| 2023-05-09 | BRYAN GARNIER | Buy | Neutral | Downgrade |
| 2023-05-09 | SOCIETE GENERALE | Hold | Hold | Maintains |
| 2023-05-09 | DZ BANK | Buy | Hold | Downgrade |
| 2023-05-08 | BRYAN GARNIER | Buy | Neutral | Downgrade |
| 2023-05-08 | SOCIETE GENERALE | Hold | Hold | Maintains |
| 2023-05-08 | DZ BANK | Buy | Hold | Downgrade |
| 2023-05-08 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2023-05-08 | STIFEL EUROPE | Buy | Hold | Downgrade |
| 2023-05-08 | HAUCK AUFHAEUSER INVESTMENT BANKING | Buy | Sell | Downgrade |
| 2023-05-07 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2023-05-07 | STIFEL EUROPE | Buy | Hold | Downgrade |
| 2023-05-07 | HAUCK AUFHAEUSER INVESTMENT BANKING | Buy | Sell | Downgrade |
| 2023-05-05 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2023-05-05 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-05-04 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2023-05-04 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-04-28 | CRISPIDEA PRIVATE LIMITED | Buy | Hold | Downgrade |
| 2023-04-27 | CRISPIDEA PRIVATE LIMITED | Buy | Hold | Downgrade |
| 2023-04-17 | DAY BY DAY | Hold | Sell | Downgrade |
| 2023-04-17 | BNP PARIBAS EXANE | Outperform | Neutral | Downgrade |
| 2023-04-14 | WEDBUSH SECURITIES INC. | Outperform | Neutral | Downgrade |
| 2023-04-14 | SOCIETE GENERALE | Hold | Hold | Maintains |
| 2023-04-04 | BRYAN GARNIER | Buy | Neutral | Downgrade |
| 2023-04-03 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-03-29 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2023-03-29 | HAUCK AUFHAEUSER INVESTMENT BANKING | Buy | Sell | Downgrade |
| 2023-03-27 | HSBC | Hold | Buy | Upgrade |
| 2023-03-16 | REDBURN LIMITED | Buy | Buy | Maintains |
| 2023-03-16 | DZ BANK | Buy | Hold | Downgrade |
| 2023-03-10 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Hold | Downgrade |
| 2023-03-09 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2023-03-08 | WARBURG RESEARCH GMBH | Hold | Buy | Upgrade |
| 2023-03-08 | STIFEL EUROPE | Buy | Hold | Downgrade |
| 2023-03-08 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2023-03-07 | WARBURG RESEARCH GMBH | Hold | Buy | Upgrade |
| 2023-02-10 | ATLANTIC EQUITIES | Overweight | Neutral | Downgrade |
| 2023-02-09 | ATLANTIC EQUITIES | Overweight | Neutral | Downgrade |
| 2023-01-06 | CRISPIDEA PRIVATE LIMITED | Buy | Hold | Downgrade |
| 2022-11-28 | HSBC | Buy | Hold | Downgrade |
| 2022-11-27 | HSBC | Buy | Hold | Downgrade |
| 2022-11-18 | DZ BANK | Hold | Buy | Upgrade |
| 2022-11-17 | DZ BANK | Hold | Buy | Upgrade |
| 2022-11-09 | WARBURG RESEARCH GMBH | Buy | Hold | Downgrade |
| 2022-11-08 | WARBURG RESEARCH GMBH | Buy | Hold | Downgrade |
| 2022-10-26 | DZ BANK | Buy | Hold | Downgrade |
| 2022-10-25 | DZ BANK | Buy | Hold | Downgrade |
| 2022-10-21 | SOCIETE GENERALE | Buy | Hold | Downgrade |
| 2022-10-21 | STIFEL EUROPE | Buy | Buy | Maintains |
| 2022-10-20 | STIFEL EUROPE | Buy | Buy | Maintains |
| 2022-10-20 | SOCIETE GENERALE | Buy | Hold | Downgrade |
| 2022-10-20 | WEDBUSH SECURITIES INC. | Outperform | Outperform | Maintains |
| 2022-10-19 | WEDBUSH SECURITIES INC. | Outperform | Outperform | Maintains |
| 2022-10-07 | ANALISIS BANCO SABADELL | Sell | Buy | Upgrade |
| 2022-10-06 | ANALISIS BANCO SABADELL | Sell | Buy | Upgrade |
| 2022-09-20 | BERENBERG | Buy | Hold | Downgrade |
| 2022-09-19 | BERENBERG | Buy | Hold | Downgrade |
| 2022-09-14 | CRISPIDEA PRIVATE LIMITED | Buy | Buy | Maintains |
| 2022-09-13 | CRISPIDEA PRIVATE LIMITED | Buy | Buy | Maintains |
| 2022-08-22 | EVERCORE ISI | Outperform | Outperform | Maintains |
| 2022-08-21 | EVERCORE ISI | Outperform | Outperform | Maintains |
| 2022-08-19 | COWEN AND COMPANY | Outperform | Outperform | Maintains |
| 2022-08-18 | COWEN AND COMPANY | Outperform | Outperform | Maintains |
| 2022-07-22 | SOCIETE GENERALE | Hold | Buy | Upgrade |
| 2022-07-22 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2022-07-21 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2022-07-13 | DZ BANK | Hold | Buy | Upgrade |
| 2021-08-04 | PIVOTAL RESEARCH GROUP | Hold | Hold | Maintains |
| 2021-06-25 | COMMERZBANK CORPORATE CLIENTS | Buy | Buy | Maintains |
| 2021-06-24 | COMMERZBANK CORPORATE CLIENTS | Buy | Buy | Maintains |
| 2021-05-24 | HSBC | Hold | Hold | Maintains |
| 2021-05-23 | HSBC | Hold | Hold | Maintains |
| 2021-05-17 | REDBURN LIMITED | Buy | Buy | Maintains |
| 2021-05-16 | REDBURN LIMITED | Buy | Buy | Maintains |
| 2021-04-16 | ANALISIS BANCO SABADELL | Sell | Sell | Maintains |
| 2021-04-15 | ANALISIS BANCO SABADELL | Sell | Sell | Maintains |
| 2021-04-01 | WELLS FARGO SECURITIES, LLC | Overweight | Overweight | Maintains |
| 2021-03-31 | WELLS FARGO SECURITIES, LLC | Overweight | Overweight | Maintains |
| 2021-03-15 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Hold | Maintains |
| 2021-03-14 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Hold | Maintains |
| 2021-03-11 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2021-03-11 | HAUCK AUFHAEUSER INVESTMENT BANKING | Hold | Hold | Maintains |
| 2021-03-11 | Credit Suisse | Neutral | Initiate | |
| 2021-03-11 | Independent Research GmbH | Neutral | Initiate | |
| 2021-03-11 | Hauck & Aufhaeuser | Neutral | Initiate | |
| 2021-03-10 | HAUCK AUFHAEUSER INVESTMENT BANKING | Hold | Hold | Maintains |
| 2021-03-10 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2021-03-10 | SOCIETE GENERALE | Hold | Hold | Maintains |
| 2021-03-10 | JPMorgan Chase | Neutral | Initiate | |
| 2021-03-09 | Kepler Cheuvreux | Buy | Initiate | |
| 2021-03-04 | Deutsche Bank | Neutral | Initiate | |
| 2021-02-26 | RBC Capital | Neutral | Initiate | |
| 2022-06-27 | WARBURG RESEARCH GMBH | Hold | Buy | Upgrade |
| 2022-05-23 | HSBC | Buy | Buy | Maintains |
| 2022-05-22 | HSBC | Buy | Buy | Maintains |
| 2022-05-13 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2022-05-12 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2022-05-10 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Buy | Upgrade |
| 2022-05-09 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Buy | Upgrade |
| 2022-05-09 | ODDO BHF | Buy | Buy | Maintains |
| 2022-05-09 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2022-05-09 | BERENBERG | Buy | Buy | Maintains |
| 2022-05-08 | ODDO BHF | Buy | Buy | Maintains |
| 2022-05-08 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2022-05-08 | BERENBERG | Buy | Buy | Maintains |
| 2022-04-21 | HAUCK AUFHAEUSER INVESTMENT BANKING | Hold | Buy | Upgrade |
| 2022-04-20 | HAUCK AUFHAEUSER INVESTMENT BANKING | Hold | Buy | Upgrade |
| 2022-03-30 | CREDIT SUISSE - EUROPE | Neutral | Neutral | Maintains |
| 2021-02-24 | Independent Research GmbH | Sell | Initiate | |
| 2021-02-23 | Credit Suisse | Neutral | Initiate | |
| 2021-02-11 | UBS | Buy | Initiate | |
| 2021-02-02 | WARBURG RESEARCH GMBH | Sell | Sell | Maintains |
| 2021-01-25 | DAY BY DAY | Buy | Buy | Maintains |
| 2021-01-24 | DAY BY DAY | Buy | Buy | Maintains |
| 2020-12-15 | ATLANTIC EQUITIES | Overweight | Overweight | Maintains |
| 2020-12-14 | ATLANTIC EQUITIES | Overweight | Overweight | Maintains |
| 2020-11-11 | Kepler Cheuvreux | Buy | Initiate | |
| 2020-11-11 | Independent Research GmbH | Sell | Initiate | |
| 2020-11-10 | Credit Suisse | Sell | Initiate | |
| 2020-11-10 | Baader Bank | Buy | Initiate | |
| 2020-11-10 | RBC Capital | Buy | Initiate | |
| 2020-11-10 | Goldman Sachs | Buy | Initiate | |
| 2020-11-10 | JPMorgan Chase | Neutral | Initiate | |
| 2020-11-10 | Warburg Research | Sell | Initiate | |
| 2020-11-10 | Jefferies | Neutral | Initiate | |
| 2019-10-04 | Exane BNP Paribas | Neutral | Initiate | |
| 2019-06-26 | Berenberg | Hold | Buy | Upgrade |
| 2017-11-10 | Baird | Neutral | Maintains | |
| 2017-11-07 | Wells Fargo | Outperform | Initiate | |
| 2024-08-05 | CAIXABANK BPI | Buy | Neutral | Downgrade |
| 2024-08-04 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2024-08-04 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2024-08-01 | TD COWEN | Hold | Hold | Maintains |
| 2024-07-31 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2024-07-31 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2024-07-31 | STIFEL EUROPE | Hold | Buy | Upgrade |
| 2024-07-31 | BRYAN GARNIER | Neutral | Buy | Upgrade |
| 2024-07-30 | WEDBUSH SECURITIES INC. | Neutral | Neutral | Maintains |
| 2024-07-30 | ODDO BHF | Buy | Buy | Maintains |
| 2024-07-30 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2024-07-28 | DZ BANK | Hold | Hold | Maintains |
| 2024-07-17 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Hold | Downgrade |
| 2024-07-16 | HAUCK AUFHAEUSER INVESTMENT BANKING | Sell | Sell | Maintains |
| 2024-06-10 | DAY BY DAY | Hold | Buy | Upgrade |
| 2024-05-28 | BRYAN GARNIER | Neutral | Neutral | Maintains |
| 2024-05-26 | HSBC | Buy | Buy | Maintains |
| 2024-04-18 | ANALISIS BANCO SABADELL | Buy | Sell | Downgrade |
| 2024-04-16 | STIFEL EUROPE | Hold | Hold | Maintains |
| 2024-03-12 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2024-03-10 | CRISPIDEA PRIVATE LIMITED | Sell | Sell | Maintains |
| 2024-03-03 | DAY BY DAY | Sell | Hold | Upgrade |
| 2024-01-28 | DAY BY DAY | Hold | Sell | Downgrade |
| 2024-01-07 | DAY BY DAY | Hold | Hold | Maintains |
| 2024-01-02 | BERENBERG | Buy | Buy | Maintains |
| 2023-12-21 | BRYAN GARNIER | Neutral | Neutral | Maintains |
| 2023-12-21 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2023-12-17 | DAY BY DAY | Sell | Hold | Upgrade |
| 2023-12-10 | BERENBERG | Buy | Buy | Maintains |
| 2023-11-30 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2023-11-26 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2023-11-26 | HSBC | Buy | Buy | Maintains |
| 2023-11-22 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Buy | Upgrade |
| 2023-11-21 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-11-09 | FUBON SECURITIES INVESTMENT SERVICES CO., LTD. | Buy | Buy | Maintains |
| 2023-11-08 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-11-08 | HAUCK AUFHAEUSER INVESTMENT BANKING | Sell | Sell | Maintains |
| 2023-11-07 | WEDBUSH SECURITIES INC. | Neutral | Neutral | Maintains |
| 2023-11-07 | STIFEL EUROPE | Hold | Hold | Maintains |
| 2023-11-07 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2023-10-19 | DZ BANK | Hold | Hold | Maintains |
| 2023-10-16 | CRISPIDEA PRIVATE LIMITED | Hold | Sell | Downgrade |
| 2023-10-01 | CAIXABANK BPI | Buy | Buy | Maintains |
| 2025-04-06 | TD COWEN | Hold | Hold | Maintains |
| 2025-04-06 | DZ BANK | Hold | Hold | Maintains |
| 2025-04-03 | ODDO BHF | Buy | Buy | Maintains |
| 2025-04-03 | CRISPIDEA PRIVATE LIMITED | Hold | Hold | Maintains |
| 2025-04-01 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2025-03-30 | JEFFERIES | Hold | Hold | Maintains |
| 2025-03-30 | STIFEL EUROPE | Buy | Buy | Maintains |
| 2025-03-30 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Buy | Maintains |
| 2025-03-23 | DAY BY DAY | Buy | Buy | Maintains |
| 2025-03-23 | HSBC | Hold | Hold | Maintains |
| 2025-03-21 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2025-03-20 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2025-03-17 | BAADER HELVEA EQUITY RESEARCH | Buy | Buy | Maintains |
| 2025-03-10 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2025-03-04 | TELSEY ADVISORY GROUP | Outperform | Outperform | Maintains |
| 2025-02-25 | CAIXABANK BPI | Neutral | Neutral | Maintains |
| 2025-01-21 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2025-01-06 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2025-01-03 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2024-12-23 | CRISPIDEA PRIVATE LIMITED | Sell | Hold | Upgrade |
| 2024-11-24 | HSBC | Buy | Hold | Downgrade |
| 2024-11-21 | HAUCK AUFHAEUSER INVESTMENT BANKING | Sell | Sell | Maintains |
| 2024-11-11 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2024-10-31 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2024-10-30 | ODDO BHF | Buy | Buy | Maintains |
| 2024-10-28 | TELSEY ADVISORY GROUP | Outperform | Outperform | Maintains |
| 2024-10-28 | TD COWEN | Hold | Hold | Maintains |
| 2024-10-28 | BAADER HELVEA EQUITY RESEARCH | Buy | Buy | Maintains |
| 2024-10-28 | STIFEL EUROPE | Buy | Buy | Maintains |
| 2024-10-28 | GUGGENHEIM SECURITIES LLC | Neutral | Neutral | Maintains |
| 2024-10-17 | LANDESBANK BADEN-WUERTTEMBERG | Hold | Buy | Upgrade |
| 2024-10-17 | DZ BANK | Hold | Hold | Maintains |
| 2024-10-15 | WARBURG RESEARCH GMBH | Hold | Hold | Maintains |
| 2024-09-22 | CAIXABANK BPI | Neutral | Neutral | Maintains |
| 2024-08-25 | HSBC | Buy | Buy | Maintains |
| 2025-07-15 | TELSEY ADVISORY GROUP | Outperform | Outperform | Maintains |
| 2025-07-03 | WARBURG RESEARCH GMBH | Hold | Buy | Upgrade |
| 2025-07-02 | BAADER HELVEA EQUITY RESEARCH | Buy | Buy | Maintains |
| 2025-07-01 | METZLER EQUITIES | Buy | Buy | Maintains |
| 2025-06-30 | ODDO BHF | Buy | Buy | Maintains |
| 2025-06-30 | BERENBERG | Buy | Hold | Downgrade |
| 2025-06-29 | CAIXABANK BPI | Neutral | Neutral | Maintains |
| 2025-06-12 | ANALISIS BANCO SABADELL | Sell | Underweight | Upgrade |
| 2025-06-02 | CRISPIDEA PRIVATE LIMITED | Hold | Hold | Maintains |
| 2025-06-01 | ROTHSCHILD & CO REDBURN | Buy | Buy | Maintains |
| 2025-06-01 | DAY BY DAY | Buy | Buy | Maintains |
| 2025-05-27 | LANDESBANK BADEN-WUERTTEMBERG | Buy | Hold | Downgrade |
| 2025-05-25 | HSBC | Hold | Buy | Upgrade |
| 2025-05-15 | JEFFERIES | Hold | Hold | Maintains |
| 2025-04-30 | TD COWEN | Hold | Hold | Maintains |
| 2025-04-29 | STIFEL, FORMERLY BRYAN GARNIER | Buy | Buy | Maintains |
| 2025-04-28 | STIFEL EUROPE | Buy | Buy | Maintains |
| 2025-04-21 | DZ BANK | Hold | Hold | Maintains |
