Beyond The Numbers: 17 Analysts Discuss Nike Stock
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Nike (NYSE:NKE) with 17 analysts offering their perspectives in the past three months. The average 12-month price target for Nike is $122.06, with a high estimate of $140.00 and a low estimate of $104.00. This average is slightly up from the previous target of $120.92. Analysts' actions include raising, lowering, and maintaining their ratings and price targets. Nike's financial performance shows a solid revenue growth rate of 3.47%, a net margin of 11.79%, an ROE of 11.22%, an ROA of 4.27%, and a healthy debt-to-equity ratio of 0.86.
December 28, 2023 | 7:00 pm
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POSITIVE IMPACT
Analysts have mixed views on Nike, with recent ratings ranging from bullish to indifferent. The average 12-month price target has increased slightly, indicating a positive outlook. Nike's strong financial performance could support a positive short-term impact on the stock.
The mixed analyst ratings suggest uncertainty, but the overall positive financial indicators and the slight increase in the average price target could lead to investor optimism in the short term. The relevance and importance are high due to direct analyst ratings and financial performance data. Confidence is slightly lower due to the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100