Adidas stock: Berenberg keeps EUR 190.00 target for Adidas stock

Published on 10/20/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 14.00 percent in the quarter to EUR 6.743 billion. Adidas stock costs EUR 158.58 on October 20, 2026, up 0.43 percent versus Xetra close.

Analyst target and reporting date

Berenberg Bank maintained its EUR 190.00 Adidas target on October 14, 2026.
Second-quarter revenue reached EUR 6.743 billion after 14.00 percent currency-neutral growth.
Adidas stock costs EUR 158.58 at Lang & Schwarz on October 20, 2026 at 3:14 p.m. CEST, 0.43 percent above the Xetra close of October 19, 2026, and 19.26 percent below the 52-week high.
Adidas is scheduled to publish third-quarter results on October 28, 2026.

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Adidas (ISIN DE000A1EWWW0) is trading against a EUR 190.00 analyst target after Markets Insider reported on October 14, 2026 that Berenberg Bank maintained a Hold rating and that target. The target is 19.81 percent above the EUR 158.58 Lang & Schwarz price, calculated in the same currency. Adidas stock was trading at EUR 158.58 at Lang & Schwarz on October 20, 2026 at 3:14 p.m. CEST, 0.43 percent above the Xetra close of October 19, 2026 at EUR 157.90.

Second-quarter sales set the benchmark

Adidas generated EUR 6.743 billion in second-quarter revenue, up 14.00 percent on a currency-neutral basis from the same period a year earlier. The company reported operating profit of EUR 574 million, compared with EUR 546 million in the second quarter of 2025. These figures were published for the period ended June 30, 2026, and the company described the quarter as a record sales period in its investor-relations update.

The sales figure and operating result are also detailed by Admirals, which reported that first-half currency-neutral revenue reached EUR 13.335 billion and first-half operating profit EUR 1.279 billion. The comparison matters because revenue growth outpaced the 5.00 percent increase in second-quarter operating profit.

Stock remains below its yearly high

The EUR 158.58 quote stands within a 52-week range of EUR 129.95 to EUR 196.40 as of October 20, 2026. It is 19.26 percent below the high and 22.03 percent above the low. Adidas had a market capitalization of EUR 27.8 billion and a price-to-earnings ratio of 20.48 on the same market-data snapshot.

Valuation and the next date

Adidas is scheduled to publish its third-quarter results on October 28, 2026, according to MarketScreener. The report will provide the next reported comparison for revenue, operating profit and inventory after the June quarter.

Comparison with peers

Adidas: up 0.43 percent, P/E 20.48, market capitalization EUR 27.8 billion as of October 20, 2026. Nike (NYSE, USD): up 0.22 percent, P/E 17.80, market capitalization USD 55.3 billion as of October 19, 2026. PUMA (Xetra, EUR): down 0.65 percent, P/E minus 8.10, market capitalization EUR 3.6 billion as of October 20, 2026.

What the target says about valuation

Berenberg's EUR 190.00 target places the analyst view above the current German quote, while the stock remains below its yearly high. The October reporting date is the next fixed point for testing whether the strong sales trajectory is translating into operating profit at the same pace.

Price and reporting date remain central

Adidas was trading at EUR 158.58 at Lang & Schwarz on October 20, 2026 at 3:14 p.m. CEST, 0.43 percent above the Xetra close of October 19, 2026 at EUR 157.90. The next scheduled results date is October 28, 2026.

The further course of trading is shown by the continuously updated real-time quote of Adidas stock.