1 Wall Street Analyst Thinks Nike Stock Is Going to $115. Is It a Buy Around $77?
There are bulls and there are bulls behind certain high-profile stocks on the exchange. As February began to melt into March, one analyst became suddenly, and extremely, positive about Nike's (NKE 4.94%) future, to the point where he flagged the stock as having 50% upside potential.
Nike shares pop on analyst upgrade
Nike Inc (NYSE:NKE, ETR:NKE) shares moved higher after Jefferies analysts upgraded the company to a ‘Buy' rating and boosted their price target to $115. The analysts previously had a ‘Hold' rating and a $75 price target on the athletic apparel and footwear brand.
NKE rallies as Jefferies upgrades stock and raises price target: should you buy?
Nike shares (NKE) surged nearly 5.75% to $80.90 after Jefferies upgraded its rating on the stock to “buy” from “hold” and significantly raised its price target by 42% to $115.
Nike: Why I'm Turning Cautiously Optimistic (Rating Upgrade)
I am cautiously optimistic about Nike, upgrading my rating to "buy" with a price target of $87, despite short-term headwinds to both revenue and earnings in FY25. Nike's strategic shift to a full-price model for Nike Digital and building an integrated marketplace across Direct and Wholesale should help reignite brand momentum, while boosting overall margins. While Q2 FY25 earnings showed early signs of revenue bottoming, challenges persist as they get rid of excess inventory with management expecting top and bottom line pressures in Q3 and Q4.
Why Nike Stock Jumped Higher Today
Shares of the world's most popular athleticwear brand, Nike (NKE 4.59%), were up 5% as of noon ET Monday, according to data provided by S&P Global Market Intelligence.
Analyst: Nike Brand Poised for a Comeback
Nike Inc (NYSE:NKE) stock is 2.4% higher at $78.30 before the opening bell following a bull note at Jefferies.
Buy Nike's stock aggressively as new CEO's playbook should work, analyst says
Jefferies' Randal Konik sees 50% upside in the stock, as he effectively calls a bottom in earnings and investor sentiment.
Billionaire Investor Bill Ackman Continues to Buy This Stock While It's Down Over 50%. Should You Buy Before It Roars Back?
Wall Street money managers running massive investment firms must disclose their trades quarterly. Recently, billionaire investor Bill Ackman's firm, Pershing Square, disclosed its trades for the fourth quarter of 2024.
Nike's Financial Strength: What Moneyball Data Reveals
Nike (NKE -0.95%) dominates the global athletic footwear and apparel market as one of the world's most recognizable brands. Let's examine how this sportswear giant performs according to Moneyball's AI-powered analysis system.
Nike Looks Like It's About to Disappear From Bill Ackman's Portfolio. But the Billionaire Investor Is Really Doubling Down.
In the middle of 2024, Bill Ackman's fund, Pershing Square Capital Management, took a new stake in the iconic footwear and apparel brand Nike (NKE 0.59%). While the brand carries tremendous recognition globally, the stock is down over 31% in the last year.
Should Investors Buy Nike Instead of Lululemon?
Nike's (NKE -0.28%) strategic fumble opened the door for competition.
Nike (NKE) Stock Slides as Market Rises: Facts to Know Before You Trade
In the most recent trading session, Nike (NKE) closed at $76.78, indicating a -1.04% shift from the previous trading day.
