Goldman Sachs Maintains Buy on Nike, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Nike (NKE) but lowers the price target from $135 to $120.

March 22, 2024 | 11:11 am
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Goldman Sachs maintains a Buy rating on Nike but lowers the price target from $135 to $120.
While the reduction in the price target from $135 to $120 by Goldman Sachs could suggest a tempered outlook on Nike's short-term growth potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100