** Brokerages are optimistic on Birkenstock BIRK.N after the German footwear maker beat Q4 estimates; lift PT
** BIRK on Wednesday beat Q4 market expectations on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025
** At least eight brokerages lift PT on stock following results
** J.P.Morgan says co's blend of brand heritage, "engineered distribution", and a loyal customer base, with the average U.S. customer owning 3.6 pairs, underscores its market strength
** Brokerage BTIG sees robust demand in direct-to-consumer $(DTC.AU)$ sales and momentum in closed-toe footwear, driving overall business growth in 2024
** 18 of 21 brokerages rate the stock "buy" or higher, three "hold"; median PT is $70- LSEG
** Up to Wednesday's close, stock had risen 17.3% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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