Short Term Price Target on Nike (NKE)

Nike (NYSE:NKE) : The highest short term price target forecast on Nike (NYSE:NKE) is $82 and the lowest target price is $47. A total of 21 equity analysts are currently covering the company. The average price of all the analysts is $68.21 with a standard deviation of $7.64.

Shares of NIKE, Inc. rose by 2% in the last five trading days and 0.79% for the last 4 weeks. NIKE, Inc. has dropped 10.11% during the last 3-month period . Year-to-Date the stock performance stands at -11.19%. Also, Morgan Stanley downgrades its view on Nike (NYSE:NKE) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Morgan Stanley lowers the price target from $69 per share to $60 per share on Nike . The rating by the firm was issued on June 1, 2016.

Nike (NYSE:NKE) : Zacks Investment Research ranks Nike (NYSE:NKE) as 3, which is a Hold recommendation. 17 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 25 research analysts is 1.72, which indicates as a Buy.

Nike (NYSE:NKE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.29 and $54.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.20, notching a gain of 0.13% for the day. The total traded volume was 17,350,521 . The stock had closed at $55.13 on the previous day.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Mens Training, Womens Training, Action Sports, Sportswear (the Companys sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Companys portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.