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NIKE's Stock Price Target Rises Amid Operational Improvements
16 Nov
Summary
- NIKE's stock price target increased from $83.27 to $83.70
- Analysts see signs of operational improvement despite ongoing pressures
- Several firms have upgraded or reiterated positive ratings on NIKE shares
According to the latest analysis, NIKE's stock price target has seen a modest increase, rising from $83.27 to $83.70. This small upward adjustment reflects a cautiously optimistic outlook among analysts as they weigh signs of operational improvement against ongoing macroeconomic pressures.
Several firms have recently upgraded or reiterated positive ratings on NIKE shares, citing progress in the company's turnaround and operational improvements. KeyBanc, for instance, upgraded NIKE to Overweight with a $90 price target, pointing to "solid" first-quarter results and a strengthened innovation pipeline. Similarly, RBC Capital upgraded NIKE to Outperform and boosted its price target to $90, anticipating a "steeper revenue recovery" supported by improvements in running footwear and new product introductions.
Analysts also highlight other positive developments, such as Jefferies adding NIKE to its "Franchise Picks List" with a Buy rating and a $115 price target, and JPMorgan raising its target to $100 from $93, emphasizing a fiscal first-quarter report that "beat across all line items." Overall, the improved outlook is driven by factors like improving channel inventories, strengthening order books, and early signs of stabilization, though analysts acknowledge that headwinds such as tariffs and valuation remain ongoing concerns.
