Bernstein analyst Aneesha Sherman maintained a Buy rating on Nike (NKE – Research Report) today and set a price target of $120.00. The company’s shares opened today at $93.07.
Sherman covers the Consumer Cyclical sector, focusing on stocks such as Nike, Adidas, and Lululemon Athletica. According to TipRanks, Sherman has an average return of 1.4% and a 45.45% success rate on recommended stocks.
Nike has an analyst consensus of Moderate Buy, with a price target consensus of $111.44, which is a 19.74% upside from current levels. In a report released on April 30, Wedbush also maintained a Buy rating on the stock with a $115.00 price target.
The company has a one-year high of $122.95 and a one-year low of $88.05. Currently, Nike has an average volume of 9.29M.
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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.
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