Goldman Sachs Maintains Buy on Nike, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Nike (NYSE:NKE) but lowers the price target from $118 to $105.
June 28, 2024 | 3:26 pm
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Goldman Sachs analyst Brooke Roach maintains a Buy rating on Nike but lowers the price target from $118 to $105.
The Buy rating suggests continued confidence in Nike's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100