Breaking Down Nike: 14 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
14 analysts have recently shared their views on Nike (NYSE:NKE), showing a diverse range of opinions from bullish to bearish. The sentiment has shifted negatively over the past quarter, with a decrease in the average 12-month price target for Nike to $120.71, down 1.86%. Analyst actions include both upgrades and downgrades, with price targets ranging from $104.00 to $140.00. Nike's financial performance remains strong, with notable revenue growth, a high net margin, and excellent ROE and ROA, despite a lower growth rate compared to peers in the Consumer Discretionary sector.
March 12, 2024 | 1:00 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on Nike, with a recent negative shift in sentiment and a decrease in the average 12-month price target. Despite this, Nike's financials are strong, with significant revenue growth and high profitability metrics.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on Nike's stock price. However, Nike's strong financial performance, including revenue growth and high profitability metrics, could counterbalance the negative sentiment and support the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100