高盛发表研报指，波司登公布强劲的2026财年下半财年业绩，表现超出市场预期。管理层在分析师业绩简报会上提及，秋冬订货会的增长势头显著改善，产品设计、技术及品类定位展现更多创新，且高端门店与Areal系列已取得显著成果，公司计划未来几年将这一强劲势头转化为门店级别的营运效益。该行进一步指出，集团预期2027财年的整体毛利率将保持相对稳定，其中更严格的折扣管理将成为羽绒服业务毛利率的支撑点。此外，受惠于海外产能的建设，管理层对代工(OEM)业务重回10%以上的增长充满信心。高盛将波司登2027至2028财年的净利润预测上调7%至8%。尽管宏观经济有所波动，但波司登的增长前景健康，并有高个位数的股息率支持。高盛维持其“买入”评级，将基于13倍2027财年预测市盈率计算的12个月目标价由5.1港元上调至5.3港元。
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