I’ve always been a bit of a sneakerhead, you know? And Adidas has always been one of my go-to brands. So, naturally, I started thinking, “Hey, maybe I should buy some Adidas stock?” Seemed like a good idea at the time.
First thing I did was hop on the internet, just to see what people were saying about Adidas stock. I typed in “should I buy Adidas stock” or something like that, into the search bar. Lots of stuff popped up, of course. I skimmed through a few articles, and they were all saying different things. Some were like, “Yeah, it’s a great time to buy!” and others were more cautious, “Well, maybe not right now.” It was a mixed bag, to say the least.
I found out that Adidas’s stock symbol is ADDYY. And apparently, there are two different kinds of Adidas stocks, something about ADDDF vs. ADDYY, but that got a little too complicated for me, to be honest. I wanted to keep it simple.
I also read that some analysts had a target price for Adidas stock at around $162, and they thought it could go up by almost 30%. That sounded pretty good, but then again, who knows? They also gave it a “Moderate Buy” rating, which means they’re not super excited about it, but they’re not totally against it either.
How to buy it
Then came the tricky part – actually buying the stock. Apparently, you need a brokerage account, whatever that is. Some website recommended Interactive Brokers as a good place to buy Adidas shares, saying they have low fees and good service.
- Open a brokerage account: This is where you actually buy and sell stocks.
- Figure out how much you want to invest: Don’t put all your eggs in one basket, as they say!
- Place the order: This is where you tell your broker to buy the stock for you.
To be honest, the whole thing seemed a little complicated. Then I saw something about CFDs, which are some kind of way to trade stocks without actually owning them. It sounded kind of risky, so I decided to skip that.
After all that research, I’m still not 100% sure if I should buy Adidas stock or not. It seems like it could be a good investment, but there’s always a chance it could go down, too. I guess I’ll have to think about it some more. Maybe I’ll just stick to buying their shoes for now!
