NEW YORK (TheStreet) -- Shares of Under Armour (UA) - Get Report are climbing, up 0.56% to $77.72 in early market trading Tuesday, after the athletic apparel company had its price target raised to $86 from $83 by analysts at FBR Capital this morning.

FBR analysts believe Under Armour's footwear, women's, youth and international growth could drive revenue growth of 34% in 2015, 30% in 2016 and 25% in 2017.

The firm maintained its "outperform" rating on shares, and said the apparel company's potential revenue growth could drive the stock higher than $100 per share.

FBR added that it sees "solid" brand potential for Under Armour.

Baltimore, MD-based Under Armour is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.

Insight from TheStreet's Research Team:

Under Armour is a part of Bryan Ashenberg's GrowthSeeker.com Portfolio. Here is what Ashenberg had to say about the stock in a recent alert:

The stock increased 2% this week. On Monday, Adidas announced that it won't renew its contract to supply uniforms to the NBA after its current deal expires in the 2016-17 season. The company said it plans on focusing instead on new products and plans on doubling the amount of basketball players who wear its shoes on court. We see this as increased competition for premier player sponsorships, but believe UA has demonstrated its price discipline in the past (most recently passing on Kevin Durant) and anticipate it will continue to do so in the future.

We remain bullish on Under Armour's growth prospects as the company continues to improve its international business and is carving out a bigger presence in footwear, clothing for women, direct-to-consumer products and the digital health and connected fitness marketplace. Management has been constant innovators, using technologies in an industry that has often overlooked innovation, and we believe the company continues to make bold moves to stay on the cutting edge.

- Bryan Ashenberg, 'Growth Seeker Weekly Summary' originally published 3/16/2015 on GrowthSeeker.com.

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Separately, TheStreet Ratings team rates UNDER ARMOUR INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNDER ARMOUR INC (UA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value." You can view the full analysis from the report here: UA Ratings Report