On Sep 25, major Wall Street analysts update their ratings for $Nike (NKE.US)$, with price targets ranging from $105 to $109.
Goldman Sachs analyst Brooke Roach maintains with a buy rating, and maintains the target price at $105.
Truist Financial analyst Scot Ciccarelli maintains with a hold rating.
Bernstein analyst Aneesha Sherman maintains with a buy rating, and maintains the target price at $109.
Seaport Global analyst Mitch Kummetz maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Nike (NKE.US)$'s main analysts recently are as follows:
Expectations are set for Nike to report first quarter results that align with consensus estimates and for second quarter guidance to roughly match market expectations. However, there is a possibility that sales and margins may face downward pressures, although this could be balanced by effective overhead management. A forecasted adjustment in annual guidance seems likely, considering the overly optimistic outlook for the latter half of the year, the intensification of challenges in China and freight, and the transition to a new CEO, which may provide an opportunity to recalibrate. Despite the anticipation of a strategic pivot being some time away, the combination of leadership change and potential strategic updates, in conjunction with current valuation levels, supports a neutral stance.
Following the appointment of a new CEO at Nike, the investment narrative for the company has gained a more solid foundation with prospects for beneficial transformations. There are ongoing efforts to enhance the product selection, and the new leadership is anticipated to facilitate organizational and cultural advancements. However, it's expected that Nike might revise its FY25 revenue forecast, which currently might be overly ambitious for the latter half of FY25.
Here are the latest investment ratings and price targets for $Nike (NKE.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.