IQ Surges on Record Overseas Growth
$Amer Sports, Inc.(AS)$
$34.76 Strong Beat: Q3 Surge +12.65%, Arc'teryx Momentum Eyes $40+ Breakout》
Latest Close (ET): Amer Sports (AS) closed at $34.76 (+12.65%), surging from $30.76. The stock gained momentum following stellar Q3 earnings that significantly outperformed expectations, positioning just 21.2% below its 52-week high of $42.36.
Core Market Drivers: Q3 revenue hit $1.756B vs. $1.728B expected (+29.7% YoY), with EPS of $0.33 beating estimates by 32% ($0.25 expected). Management raised FY2025 revenue guidance to 23-24% growth and projected 2026 growth reaching the high end of long-term targets (low-double to ~15% annual growth). Arc'teryx technical apparel segment delivered robust 28% growth momentum.
Technical Analysis:
Volume spiked 2.42x average with strong institutional inflow ($14.6M net positive), signaling conviction behind the move. While specific MACD/RSI data unavailable, the 9.05% intraday range ($31.25-$34.03) and sustained buying pressure suggest bullish momentum building. The stock cleared key resistance around $31.23 with authority.
Key Price Levels:
Primary Support: $30.73-$31 — Recent breakout base; critical hold level for continued uptrend
Strong Resistance: $34.50-$35.00 — Next technical hurdle before challenging $40+ zone
Breakout Target: $42.36 — 52-week high represents major resistance confluence
Valuation Perspective: Current P/E TTM of 81.6x remains elevated vs. S&P 500's ~20-25x, but forward P/E of 35.8x shows improvement trajectory. The premium reflects Arc'teryx's luxury positioning and accelerating growth in technical outdoor segments.
Analyst Outlook: 21 firms cover AS with average target of $44.42 (range: $25.13-$52.00). UBS recently reiterated "Buy" with $52 target, citing strong growth momentum. 5 analysts rate "Strong Buy," 14 "Buy," with only 2 "Hold" ratings.
Week Ahead Forecast: Expect consolidation in $32-$36 range as momentum digests. Breaking above $36 could trigger acceleration toward $40-$42 resistance zone. Failure to hold $31 support may invite pullback to $28-$30 range.
Risk Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. AS remains sensitive to luxury consumer spending, FX headwinds, and broader market sentiment shifts. Trade with appropriate risk management.
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