10 High Growth European Stocks To Buy

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1. Amer Sports Inc. (NYSE:AS)

5-Year Revenue Growth Rate: 20.65%

Number of Hedge Fund Holders: 63

Amer Sports Inc. (NYSE:AS) ranks among the best high growth European stocks to buy. On January 14, Truist Securities raised its price target for Amer Sports Inc. (NYSE:AS) to $46 from $45, while keeping a Buy rating on the company’s shares. The firm noted “durable growth levers across the business” as its main justification for maintaining a bullish perspective on the company.

According to Truist, Amer Sports Inc. (NYSE:AS) management has defined a long-term strategy for 2030, which involves a revenue compound annual growth rate (CAGR) within the low double-digit to mid-teens range and an annual adjusted operating margin boost of 30-70 basis points or higher.

These ambitions correspond to a 5-year earnings per share CAGR of more than 25% and earnings per share of over $2.50 in fiscal year 2030, both of which Truist says are realistic given the company’s efforts to grow across a number of brands, as well as its proven execution track record in China.

Amer Sports Inc. (NYSE:AS) designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

While we acknowledge the potential of AS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AS and that has 100x upside potential, check out our report about this cheapest AI stock.

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