Goldman cuts Anta Sports stock target from HKD 108 to HKD 105

Published on 10/15/2026 at 21:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached CNY 43.51 billion in the first half of 2026. Anta Sports stock costs EUR 8.56 on October 15, 2026 at 9:01 p.m. CEST.

Analyst target and operating scale

On October 14, Goldman Sachs lowered its 12-month Anta Sports target from HKD 108 to HKD 105.
Revenue reached CNY 43.51 billion in the first half of 2026.
Anta Sports stock costs EUR 8.56 at Lang & Schwarz on October 15, 2026 at 9:01 p.m. CEST, up 1.42 percent on the Hong Kong Exchange.
The stock had a P/E ratio of 11.51 and a dividend yield of 3.00 percent.

Anta Sports, KYG040111059, Illustration mit AI erstellt.

Goldman Sachs lowered its 12-month target for Anta Sports from HKD 108 to HKD 105 on October 14, 2026, while maintaining its Buy rating. At a Hong Kong price of HKD 64.20 on October 15, 2026, the revised target stood 63.55 percent above the stock. Anta Sports was trading at EUR 8.56 at Lang & Schwarz on October 15, 2026 at 9:01 p.m. CEST, while the Hong Kong listing was up 1.42 percent on the day.

Revenue provides the operating anchor

Revenue reached CNY 43.51 billion in the first half of 2026, an increase of 12.90 percent from the same period a year earlier, according to the company's investor-relations information. Gross profit margin was 63.90 percent and operating profit margin was 27.00 percent in that period, while profit attributable to equity shareholders reached CNY 9.49 billion. These figures give the analyst target a current operating reference rather than leaving it as a standalone valuation call.

The growth profile is broad across Anta Sports' multi-brand platform. The company operates the Anta, FILA, Descente and KOLON Sport brands, with products spanning footwear, apparel and accessories. The first-half revenue figure remains the clearest recent measure of the group's scale.

Stock remains below its yearly high

The Hong Kong listing stood at HKD 64.20 on October 15, 2026 at 2:06 p.m. HKT. Its 52-week range was HKD 58.55 to HKD 81.20, putting the price 9.65 percent above the low and 20.94 percent below the high. The Lang & Schwarz euro quotation provides the German-market view, while the Hong Kong price supplies the home-market reference.

The Goldman Sachs note also lowered its valuation framework to a 16.00 times projected 2027 price-to-earnings multiple from 18.00 times. Its forecast placed 2026 revenue at RMB 87.638 billion and core net profit at RMB 14.061 billion, with 2027 revenue projected at RMB 94.363 billion and core net profit at RMB 16.295 billion, according to Futu.

Valuation and peer context

Anta Sports had a market capitalization of HKD 178.6 billion, a P/E ratio of 11.51 and a dividend yield of 3.00 percent. Li Ning traded at HKD 12.78 with a P/E ratio of 9.48 and a market capitalization of HKD 33.0 billion. PUMA traded at EUR 24.19 with a negative P/E ratio of minus 8.03 and a market capitalization of EUR 3.6 billion.

Comparison with peers

Anta Sports (HKEX, HKD): 1.42 percent, P/E 11.51, market capitalization HKD 178.6 billion
Li Ning (HKEX, HKD): 0.63 percent, P/E 9.48, market capitalization HKD 33.0 billion
PUMA (Xetra, EUR): 2.72 percent, P/E minus 8.03, market capitalization EUR 3.6 billion

Goldman Sachs trims the target

The revised target balances the group's first-half growth against the earnings effects of the PUMA investment and a lower valuation multiple. The target remains materially above the Hong Kong price, but the lower multiple shows that the analyst case now depends on operating execution as well as brand expansion.

Anta Sports was trading at EUR 8.56 at Lang & Schwarz on October 15, 2026 at 9:01 p.m. CEST, and the Hong Kong listing was up 1.42 percent on the day. The stock's home-market valuation and its distance from the 52-week high frame the analyst target for German investors.

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