22 Analysts Have This to Say About Nike
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 22 Wall Street analysts have provided ratings for Nike (NYSE:NKE), with an average price target of $119.55, which is an implied upside from the current price of $108.5. The consensus includes 4 bullish, 13 somewhat bullish, 4 indifferent, and 1 bearish rating. The current average price target has decreased by 4.58% from the previous target of $125.29. Analysts typically review stocks quarterly or after major company updates, considering factors like earnings, revenue, and growth estimates.
November 17, 2023 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
22 analysts have set an average price target of $119.55 for Nike, indicating a potential upside from the current price of $108.5. The consensus has slightly shifted towards a more cautious stance with a 4.58% decrease from the previous price target of $125.29.
The average price target provided by analysts suggests optimism about Nike's stock performance, with a potential upside based on the current price. However, the decrease in the average price target may reflect a more cautious outlook, possibly due to revised expectations about Nike's future performance. The ratings are a mix of bullish, somewhat bullish, and indifferent, with only one bearish view, indicating a generally positive sentiment. As analysts' ratings can influence investor behavior, this could lead to a short-term positive impact on Nike's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100