Analysts upbeat on the outlook for Asos

The Asos (LON:ASC) share price has risen by 30.5% over the past month and it’s currently trading at 3520.5775. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Asos currently has:

• 6 Buy recommendations

• 7 Hold recommendations

• 2 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Beyond analyst recommendations

At its current price of 3520.5775, shares in Asos are trading at a discount of -9.22% to its 52 week high price. The 1-year performance of the shares has been 14.2%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Asos (LON:ASC) it's worth doing some investigation yourself.

There are all sorts of factors that could affect Asos's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Asos – you might discover some surprising things you didn’t know.