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 25, 2024 | 5:02 pm
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Goldman Sachs maintains a Buy rating on Nike but lowers the price target from $135 to $120.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Nike's fundamentals and growth potential, the reduction in the price target could reflect adjustments in valuation metrics or market conditions that might temper short-term price expectations. This mixed signal could lead to neutral short-term price movement as investors digest both the continued endorsement and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100