Academy Sports and Outdoors: Rating Upgrade On Positive SSSG Outlook
Portfolio Pulse from
Academy Sports and Outdoors (ASO) received a rating upgrade from hold to buy due to improving same-store sales growth and a promising growth driver in FY25. Despite recent weak performance, ASO's valuation is attractive with a potential upside of 13%.
December 13, 2024 | 2:15 am
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Academy Sports and Outdoors has been upgraded from hold to buy due to positive same-store sales growth outlook and a major growth driver expected in FY25. The stock is currently undervalued with a potential 13% upside.
The upgrade from hold to buy is based on improving same-store sales growth and a significant growth driver in FY25, indicating a positive outlook. The stock's current valuation is attractive, suggesting a potential 13% upside, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100