Deutsche Confirms Buy Rating for ASOS (ASOMF)
Analyst Recommendation: Deutsche Bank has reiterated a Buy recommendation for ASOS, with an average one-year price target of $4.87/share, indicating a potential upside of 1.58% from its current price of $4.79/share.
Projected Revenue and EPS: ASOS is projected to achieve annual revenue of $4,578 million, reflecting an 84.76% increase, with a non-GAAP EPS forecast of 0.56.
Fund Sentiment: There has been a slight decrease in the number of funds holding ASOS shares, down by 2.56% in the last quarter, while the average portfolio weight dedicated to ASOS has increased by 8.46%.
Shareholder Activity: Major shareholders like Vanguard and iShares have reduced their holdings in ASOS, with significant decreases in portfolio allocations, while iShares Core MSCI EAFE ETF slightly increased its stake.
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