Underneath Armour (UAA) Soars 22% as 2 Analysts Hike PT

We lately printed 10 Simple Double-Digit Gainers. Underneath Armour Inc. (NYSE:UAA) was top-of-the-line performers final week.

Underneath Armour surged by 22.5 p.c week-on-week, as traders took path from larger worth targets from two funding corporations, regardless of the sports activities attire maker’s disappointing earnings efficiency within the third quarter of fiscal yr 2026.

In separate market stories, Barclays and Truist Securities each raised their worth targets for Underneath Armour Inc. (NYSE:UAA) to $8, from $6 and $5, respectively.

Barclays reaffirmed its “impartial” stance, whereas Truist maintained its“maintain” suggestion for the inventory.

In the meantime, it acquired a “promote” suggestion from JPMorgan at a worth goal of $5.

The inventory protection adopted Underneath Armour Inc.’s (NYSE:UAA) dismal earnings efficiency within the third quarter ending December 31, with the corporate swinging to a web lack of $430.8 million from a $1.2 million web earnings in the identical interval a yr earlier.

Internet revenues declined by 7 p.c to $1.3 billion from $1.4 billion year-on-year.

For the nine-month interval, Underneath Armour Inc. (NYSE:UAA) widened its web loss by 238 p.c to $452 million from $133.8 million in the identical interval a yr earlier. Internet revenues dipped by 4.5 p.c to $3.8 billion from $3.98 billion year-on-year.

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READ NEXT: 30 Shares That Ought to Double in 3 Years and 11 Hidden AI Shares to Purchase Proper Now.

Disclosure: None. This text is initially printed at Insider Monkey.