- UA +0.45% UAA 0.00%
Under Armour Inc. (NYSE:UA) ranks among the best short squeeze stocks to buy right now. Telsey Advisory Group announced on November 18 that Under Armour Inc. (NYSE:UA) and basketball player Stephen Curry will part ways in 2026 after a 12-month wind-down period. The firm reiterated its Market Perform rating and $5 price target for the company’s shares.
The basketball division of Under Armour, which includes the Curry brand, is expected to generate around $100 million – $120 million in revenue during the current fiscal year. This amounts to roughly 10% of Under Armour’s footwear sales and 2% of the company’s overall revenues. The company further stated that Under Armour’s financial performance and profitability are unlikely to be “significantly affected” by the split.
The Curry 13, Stephen Curry’s last signature shoe, will be released in February of next year, with more colors and apparel collaborations possible until October 2026, marking the conclusion of the collaboration that started in 2013.
Under Armour Inc. (NYSE:UA) is a global leader in performance apparel, footwear, and accessories. It caters to athletes and active individuals of all ages. Its product portfolio spans compression wear to specialized footwear. Its distribution network encompasses wholesale, retail, and e-commerce.
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Disclosure: None. This article is originally published at Insider Monkey.
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