Key Highlights:
- Birkenstock Holding (BIRK, Financial) announces a secondary public offering with 17,927,344 shares at $52.50 each.
- Analyst average target price is $70.30, suggesting a 29.46% upside.
- The brokerage consensus recommends an "Outperform" status.
Birkenstock's Strategic Public Offering
Birkenstock Holding (BIRK) has taken a significant step by initiating a secondary public offering. The company is selling 17,927,344 shares through BK LC Lux MidCo S.Ã r.l. at a price of $52.50 per share. This transaction is scheduled to wrap up on May 30, 2025, creating new opportunities for investors to engage with this prominent footwear company.
Insightful Wall Street Analyst Projections
Wall Street analysts have provided their one-year projections for Birkenstock Holding PLC (BIRK, Financial), offering an average target price of $70.30. This forecast includes a high estimate of $82.54 and a low of $56.89. With the current stock price at $54.30, the average target suggests a potential upside of 29.46%. Investors can explore more detailed estimate data on the Birkenstock Holding PLC (BIRK) Forecast page.
Brokerage Firm Recommendations
Birkenstock Holding PLC (BIRK, Financial) is currently marked with an "Outperform" status, based on consensus recommendations from 21 brokerage firms. The average brokerage recommendation stands at 1.8, utilizing a scale from 1 to 5, where 1 signifies a Strong Buy and 5 denotes a Sell.
