Berenberg keeps EUR 190 target for Adidas stock

Published on 10/20/2026 at 09:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 6.74 billion in the second quarter. Adidas stock costs EUR 159.45 on October 20, 2026, 0.98 percent above Xetra.

Analyst view and reporting date

On October 14, 2026, Berenberg maintained a EUR 190.00 target and Hold rating for Adidas.
For the second quarter ended June 30, 2026, revenue reached EUR 6.74 billion, up 13.28 percent year over year.
Adidas stock trades at EUR 159.45 at 9:18 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.98 percent above the Xetra close of October 19, 2026.
The next listed reporting date is October 28, 2026, for third-quarter 2026 earnings.

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Adidas stock (ISIN DE000A1EWWW0) was trading at EUR 159.45 at Lang & Schwarz on October 20, 2026 at 9:18 a.m. CEST, 0.98 percent above the Xetra close of October 19, 2026 at EUR 157.90. According to Markets Insider on October 14, 2026, Berenberg Bank maintained a Hold rating and a EUR 190.00 price target for Adidas. The target is 19.16 percent above the Lang & Schwarz price.

Analyst caution meets product momentum

Berenberg's stance keeps the debate centered on execution rather than a new corporate forecast. Earlier, MarketScreener reported on October 2, 2026 that JPMorgan cut its target from EUR 230.00 to EUR 210.00 while retaining an Overweight rating. The bank cited a more cautious industry assessment, while still pointing to Adidas's product pipeline and retailer checks.

What does the second quarter show?

For the second quarter ended June 30, 2026, Adidas reported revenue of EUR 6.74 billion, up 13.28 percent from EUR 5.95 billion a year earlier. Net income was EUR 355.00 million, compared with EUR 369.00 million in the prior-year quarter, according to Markets Insider. Revenue growth therefore outpaced the change in earnings, leaving margin discipline as a central test for the next report.

When does Adidas report next?

The next dated catalyst is October 28, 2026, when MarketScreener lists Adidas's third-quarter 2026 earnings release. The result will show whether the revenue trajectory is translating into stronger profitability after the second quarter's EUR 355.00 million net income.

Stock context for October 20

Adidas's EUR 159.45 reference price remains EUR 36.95 below its 52-week high of EUR 196.40 and EUR 29.50 above its 52-week low of EUR 129.95. The market capitalization was EUR 27.9 billion as of October 20, 2026. The next earnings date gives investors a defined point for testing the competing analyst views.

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