Analyst Expectations for Nike's Future
Portfolio Pulse from Benzinga Insights
Nike (NYSE:NKE) has received various analyst ratings over the last quarter, with 4 bullish, 13 somewhat bullish, 4 indifferent, and 1 bearish. The average 12-month price target among 22 analysts is $119.73, with a high of $139.00 and a low of $91.00. This target has decreased by 3.59% from the previous target of $124.19. Analysts rate stocks based on research and provide guidance on growth estimates, earnings, and revenue, though their ratings are opinions and should be considered as such.
December 05, 2023 | 3:00 pm
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Nike has a mix of analyst ratings with a slight decrease in the average price target, suggesting a cautious outlook from analysts.
The mix of analyst ratings ranging from bullish to bearish, with a majority being somewhat bullish, indicates a generally positive but cautious sentiment. The slight decrease in the average price target may reflect concerns or a conservative outlook, which could lead to a neutral short-term impact on Nike's stock price. The high relevance is due to the direct mention and focus on Nike's analyst ratings and price targets. The importance is significant as analyst ratings can influence investor sentiment, but not at the highest level since these are opinions and not definitive outcomes. The confidence level is high due to the clear data provided on analyst ratings and price targets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100