- Under Armour‘s much-anticipated Steph Curry 5’s are selling out.
- The brand’s HOVR sneakers are also performing well.
- The trend strengthens Jefferies analyst Randal Konik’s bull case for the sports-apparel retailer.
- Watch Under Armour trade in real time here.
One of Under Armour‘s most-anticipated products is living up to the hype, and that could mean big gains to come for its stock.
“Curry 5’s are sold out in many sizes/colors, indicating strong sell-through,” Jefferies analyst Randal Konik wrote in a note out to clients, in which he noted the sneakers just went on sale two months ago. He has a $ 29 price target — 32% above the stock’s current level. See the rest of the story at Business Insider
NOW WATCH: Why Rolex watches are so expensive
See Also:
- A 7-year-old boy is making $ 11 million a year on YouTube reviewing toys
- Samsung’s long-awaited foldable phone is reportedly almost here — here are 7 things to expect from the Galaxy X
- Nobody wants to buy the world’s largest log cabin
SEE ALSO: eBay tumbles after cutting its full-year guidance (EBAY)
