Evercore ISI analyst Michael Binetti maintained a Buy rating on Nike (NKE – Research Report) yesterday and set a price target of $117.00. The company’s shares closed yesterday at $93.86.
According to TipRanks, Binetti is a 4-star analyst with an average return of 5.7% and a 53.96% success rate. Binetti covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Foot Locker, and Gap.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $113.46 average price target, which is a 20.88% upside from current levels. In a report released yesterday, Citi also assigned a Buy rating to the stock with a $125.00 price target.
The company has a one-year high of $126.95 and a one-year low of $88.05. Currently, Nike has an average volume of 9.25M.
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Nike (NKE) Company Description:
NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
Read More on NKE:
- NKE Earnings: 1H 2025 Outlook Sends Nike Stock Lower Despite Q3 Beat
- Nike reverses gains, falls 5% to $95.65 following earnings call comments
- Nike backs FY24 revenue view up 1%, consensus $47.66B
- Nike sees Q4 revenue up slightly, consensus $12.04B
- NKE Earnings: Nike Reports Q3 Results – Here Are the Numbers
