Key Takeaways From Nike Analyst Ratings
Portfolio Pulse from Benzinga Insights
In the past three months, 29 analysts have rated Nike (NYSE:NKE), with a mix of bullish and bearish perspectives. The average 12-month price target is $91.97, a 13.09% decline from the previous average. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Nike's financials show a slight revenue decline but strong net margin, ROE, and ROA, with a sound debt-to-equity ratio.
September 18, 2024 | 5:00 pm
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NEUTRAL IMPACT
Nike has received mixed analyst ratings over the past three months, with a notable 13.09% decline in the average 12-month price target. Despite a slight revenue decline, Nike's financial health remains strong with a high net margin, ROE, and ROA, and a sound debt-to-equity ratio.
The mixed analyst ratings and the decline in the average price target suggest a neutral short-term impact on Nike's stock price. While the revenue decline is a concern, Nike's strong financial metrics like net margin, ROE, and ROA, along with a solid debt-to-equity ratio, provide a buffer against negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100