We recently published 10 Easy Double-Digit Gainers. Under Armour Inc. (NYSE:UAA) was one of the best performers last week.
Under Armour surged by 22.5 percent week-on-week, as investors took path from higher price targets from two investment companies, despite the sports apparel maker’s disappointing earnings performance in the third quarter of fiscal year 2026.
In separate market reports, Barclays and Truist Securities both raised their price targets for Under Armour Inc. (NYSE:UAA) to $8, from $6 and $5, respectively.
Barclays reaffirmed its “neutral” stance, while Truist maintained its“hold” recommendation for the stock.
Meanwhile, it received a “sell” recommendation from JPMorgan at a price target of $5.
The stock coverage followed Under Armour Inc.’s (NYSE:UAA) dismal earnings performance in the third quarter ending December 31, with the company swinging to a net loss of $430.8 million from a $1.2 million net income in the same period a year earlier.
Net revenues declined by 7 percent to $1.3 billion from $1.4 billion year-on-year.
For the nine-month period, Under Armour Inc. (NYSE:UAA) widened its net loss by 238 percent to $452 million from $133.8 million in the same period a year earlier. Net revenues dipped by 4.5 percent to $3.8 billion from $3.98 billion year-on-year.
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Disclosure: None. This article is originally published at Insider Monkey.
