Goldman Sachs Assumes Nike at Buy, Announces Price Target of $139
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has initiated coverage on Nike (NYSE:NKE) with a Buy rating and set a price target of $139 for the company's stock.
December 05, 2023 | 1:55 pm
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Goldman Sachs has initiated coverage on Nike with a Buy rating and a price target of $139, indicating a positive outlook for the stock.
Analyst ratings, especially from prominent firms like Goldman Sachs, can significantly influence investor sentiment and stock prices. A Buy rating combined with a high price target suggests Goldman Sachs has a strong conviction in Nike's future performance, which could lead to increased investor interest and a potential short-term rise in the stock price.
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