RBC keeps its EUR 200 target for Adidas stock

Published on 10/15/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analysts forecast EUR 7.11 billion revenue for Adidas on October 29, 2026. Adidas stock costs EUR 156.23, 1.19 percent above its Xetra close.

Analyst view meets earnings test

RBC Capital Markets kept its EUR 200.00 target and Outperform rating on October 14, 2026.
Second-quarter revenue reached EUR 6.74 billion in 2026, up 14.00 percent on a currency-neutral basis.
Adidas stock trades at EUR 156.23 at 10:04 a.m. CEST at Lang & Schwarz on October 15, 2026, 1.19 percent above the Xetra close of October 14, 2026.

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Adidas stock (ISIN DE000A1EWWW0) was trading at EUR 156.23 at Lang & Schwarz on October 15, 2026 at 10:04 a.m. CEST, plus 1.19 percent versus the Xetra close. The latest analyst signal came from finanzen.net on October 14, 2026, which reported that RBC Capital Markets kept its Outperform rating and EUR 200.00 price target.

Three events shape the setup

On July 30, 2026, Adidas reported second-quarter revenue of EUR 6.74 billion, up 14.00 percent on a currency-neutral basis, while operating profit rose 5.00 percent to EUR 574.00 million, according to Admirals.

On October 9, 2026, Bernstein Research kept an Outperform rating and a EUR 245.00 target, according to finanzen.at. RBC's October 14 update was the most recent of the three events.

What will October 29 test?

The next report will cover the quarter ended September 30, 2026. finanzen.net reported that analysts expect EUR 7.11 billion of revenue and earnings per share of EUR 2.98, compared with EUR 6.63 billion and EUR 2.58 in the prior-year quarter.

The first-half figures show why the margin will matter. Adidas generated EUR 13.34 billion of revenue in the first half of 2026 and operating profit of EUR 1.28 billion, up 11.00 percent year over year. The company kept its full-year operating profit goal near EUR 2.30 billion, while first-half marketing and point-of-sale expenses reached EUR 1.68 billion.

The next reporting date

Adidas is scheduled to present its third-quarter results on October 29, 2026. The release should update the market on revenue, operating profit and inventory after the strong first half.

Stock trades above the close

The reference price is 1.19 percent above the Xetra close, but the move remains below the 2.00 percent threshold that would make the daily change the main headline. The market capitalization was EUR 27.4 billion as of October 15, 2026, while the 52-week range was EUR 129.95 to EUR 196.40.

Adidas was trading at EUR 156.23 at Lang & Schwarz on October 15, 2026 at 10:04 a.m. CEST, plus 1.19 percent versus the Xetra close of October 14, 2026 at EUR 154.40. The further course of trading is shown by the continuously updated real-time quote of Adidas stock.