Beyond The Numbers: 15 Analysts Discuss Nike Stock
Portfolio Pulse from Benzinga Insights
15 analysts have recently provided mixed ratings for Nike (NYSE:NKE), with a consensus 12-month price target of $122.67, reflecting a 1.45% increase from the previous target. The ratings range from 'Buy' to 'Neutral', with several analysts adjusting their price targets. Nike's financial overview shows a positive revenue trend, superior market capitalization, and strong financial health indicators such as net margin, ROE, and ROA. The company's prudent debt management is also highlighted.
February 16, 2024 | 5:00 pm
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Nike receives mixed analyst ratings with an updated average 12-month price target of $122.67. Financial indicators show positive revenue growth and strong financial health.
The mixed analyst ratings with a slight increase in the 12-month price target suggest a cautiously optimistic outlook for Nike. The positive financial indicators, including revenue growth, net margin, ROE, and ROA, alongside prudent debt management, reinforce the company's strong financial health and growth prospects. These factors are likely to contribute positively to investor sentiment and potentially to the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100