Amer Sports stock falls as Wells Fargo cuts price target and growth guidance softens

Amer Sports stock (ISIN EGS675S1C011) is trading under pressure around USD 26 as of September 19, 2026, after a fresh analyst move saw Wells Fargo lower its price target on the shares to USD 40 from USD 45 the previous day.

Wells Fargo trims price target but keeps Overweight

According to GuruFocus on September 18, 2026, Wells Fargo maintained an Overweight rating on Amer Sports but cut its adjusted price target from USD 45.00 to USD 40.00, an 11.11 percent reduction that reflects a more cautious stance on the company’s upside.

The same overview notes that Amer Sports’ current share price stood at USD 26.27 on September 18, 2026, implying that Wells Fargo’s new target still embeds upside of roughly 52 percent from that level, despite the downward revision.GuruFocus In valuation terms, GuruFocus calculates a GF Value, its internal fair-value estimate, of USD 37.34 for Amer Sports as of September 18, 2026, suggesting the stock was undervalued by 29.6 percent versus the USD 26.27 trading level at that time.GuruFocus

Share performance and valuation pressures

As Simply Wall St reported on September 19, 2026, Amer Sports last closed at USD 26.73, with the share price down 21.43 percent over the past 30 days and 27.42 percent over 90 days, while the 1-year total shareholder return has declined 28.62 percent.

The same analysis highlights that many fair-value models assign a value of about USD 50.11 per share to Amer Sports, a level nearly 87.6 percent above the USD 26.73 closing price on September 19, 2026, underscoring the gap between market pricing and some intrinsic valuation estimates.Simply Wall St For retail investors, the combination of falling share price and comparatively high fair-value estimates is a key tension: it suggests potential upside if growth plans deliver, but also reflects lingering skepticism in the market.

Analysts remain divided on Amer Sports

Analyst views on Amer Sports have become more mixed, even as some houses continue to see long-term potential. In a note cited by The Globe and Mail on September 19, 2026, Truist Financial reiterated a Buy rating on Amer Sports with a price target of USD 42.00, placing its view between Wells Fargo’s USD 40.00 target and some higher fair-value estimates from other models.

Taken together, Wells Fargo’s 11.11 percent cut to its target on September 18, 2026 and Truist’s USD 42.00 target as of September 19, 2026 show that analysts broadly still expect Amer Sports shares to rise from the mid-USD 20s, but they are trimming expectations and highlighting execution risks in a competitive consumer-durables and sports equipment market.GuruFocusThe Globe and Mail

Stock price and trading context

Per the Simply Wall St data snapshot as of September 19, 2026, Amer Sports closed at USD 26.73 on its primary listing, with the price having fallen from levels above USD 34 roughly three months earlier, corresponding to the 27.42 percent decline over the 90-day period.Simply Wall St While detailed intraday trading ranges and volume for September 19, 2026 are not broken out in the same source, the steady decline over recent months reflects a market that has grown cautious even as some valuation tools and analyst targets imply room for a recovery.

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