What's In Store For Nike In Q1? Analyst Highlights China Vs. North America Trends
Portfolio Pulse from Nabaparna Bhattacharya
Goldman Sachs analyst Brooke Roach maintains a Buy rating on Nike (NYSE:NKE) with a $105 price target. The focus is on Nike's Q1 results, especially trends in China vs. North America. Investors are cautious due to mixed signals from China and franchise management uncertainties. A 10.5% YoY revenue decline and $0.51 EPS are expected for the quarter.
September 25, 2024 | 7:08 pm
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Goldman Sachs analyst Brooke Roach maintains a Buy rating on Nike with a $105 price target. The Q1 results will focus on China vs. North America trends. Investors are cautious due to mixed signals from China and franchise management uncertainties. A 10.5% YoY revenue decline and $0.51 EPS are expected for the quarter.
The analyst's reiteration of a Buy rating and a $105 price target suggests confidence in Nike's long-term prospects. However, the expected revenue decline and mixed signals from China create short-term uncertainty. The stock's slight increase indicates a neutral short-term impact.
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