A Glimpse Into The Expert Outlook On Nike Through 29 Analysts
Portfolio Pulse from Benzinga Insights
Analyst ratings for Nike (NYSE:NKE) over the last quarter show a mix of bullish to bearish sentiments among 29 analysts, with a shift towards more conservative ratings in the last 30 days. The average 12-month price target for Nike is now $114.28, down 7.84% from the previous target, reflecting a cautious outlook from analysts. Recent actions include both downgrades and maintenance of ratings, with price targets adjusted accordingly. Nike's financial performance remains strong, with positive revenue growth, high net margin, and effective debt management, positioning it well in the athletic footwear and apparel industry.
April 30, 2024 | 4:00 pm
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Analyst ratings for Nike show a cautious outlook with a mix of bullish to bearish sentiments. The average 12-month price target has been adjusted to $114.28, reflecting a 7.84% decrease. Despite this, Nike's strong financial performance and market position may cushion the impact.
The mixed analyst ratings and the decrease in the average price target suggest a cautious market outlook for Nike. However, Nike's strong financial performance, including positive revenue growth, high net margin, and effective debt management, indicate a solid foundation that may mitigate negative impacts from the cautious analyst outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100