10 Best Golf Stocks to Buy According to Analysts

5. Amer Sports, Inc. (NYSE:AS)

Analysts’ Upside Potential as of April 9: 35.37%

Amer Sports, Inc. (NYSE:AS) oversees a wide portfolio of ten outdoor and action sports brands, with a combined turnover of $4.4 billion in 2023. Despite being primarily controlled by the Chinese business Anta Sports, the firm functions independently. Its rapidly expanding China business is subject to more intense scrutiny, although its activities outside of China are managed with considerable independence.

The company’s Ball & Racquet Sports division provides golf and other professional and recreational sports equipment, as well as functional athletic gear. Its brand Wilson, in particular, is a significant golf equipment manufacturer, providing high-quality clubs, balls, and accessories. Although the firm manufactures golf equipment, it is most known for its tennis goods, among others. Amer Sports, Inc. (NYSE:AS) stock has generated a return of more than 56% over the past year, making it among the Best Golf Stocks.

Amer Sports, Inc. (NYSE:AS) reached record sales in 2024, with a rise of 23% in the fourth quarter of 2024 and an 18% growth for the year, totaling $5.2 billion. The company’s adjusted operating margin went up significantly, rising by more than 300 basis points in Q4 and 130 basis points for the year, reaching 11.1%. Key brands did well, with Arc’teryx exceeding $2 billion in sales and achieving 29% omni-channel growth in Q4, Salomon footwear exceeding $1 billion in sales, and Wilson regaining the top U.S. market share for Performance Racquets. The business also experienced strong growth in Greater China and APAC, with rises of 54% and 52%, respectively, strengthened by the establishment of new outlets. It earned $425 million in operating cash flow and lowered its net debt to $600 million by the end of the year, thereby improving its leverage.