08:59 AM EDT, 08/29/2025 (MT Newswires) -- Dick's Sporting Goods' (DKS) recent share weakness doesn't align with its strong financial performance, Oppenheimer said in a note on Friday.

The brokerage firm said that despite a tough economic backdrop, the company posted better-than-expected Q2 results and raised its fiscal 2025 earnings forecast, citing strong sales across its portfolio.

DKS was also able to manage tariff pressures through supplier negotiations and selective price increases, with no hit to demand, Oppenheimer said.

Oppenheimer raised its fiscal 2025 earnings estimate to $14.45 per share from $14.40 and reaffirmed its fiscal 2026 view of $15.50, while maintaining its $270 price target.