Analysts Bump Up Price Target On This Sporting Goods Company - Read Why - Academy Sports (NASDAQ:ASO)

Stephens analyst Daniel Imbro raised the price target on Academy Sports and Outdoors Inc (NASDAQ:ASO) to $70 from $68 and maintained an Overweight rating on the shares. The revised price target implies a 75% upside.
The analyst cites the company's Q4 as another quarter of solid margin leverage.
The analysts added that the current valuation is too cheap for the opportunity.
Loop Capital analyst Daniel Adam raised the price target on Academy Sports to $50 from $43 and kept a Buy rating on the shares. The increased price target implies a 25% upside.
Academy Sports reported a 13.2% year-on-year sales growth in Q4.
Price Action: ASO shares are trading higher by 0.91% at $39.89 on the last check Wednesday.

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