In the last three months, 26 analysts have published ratings on Nike NKE, offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 7 | 12 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 6 | 5 | 9 | 0 | 0 |
| 3M Ago | 1 | 0 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $83.88, along with a high estimate of $105.00 and a low estimate of $70.00. Highlighting a 3.72% decrease, the current average has fallen from the previous average price target of $87.12.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of Nike by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Simeon Siegel | BMO Capital | Raises | Outperform | $95.00 | $92.00 |
| Anna Andreeva | Piper Sandler | Raises | Overweight | $90.00 | $72.00 |
| Jay Sole | UBS | Maintains | Neutral | $73.00 | $73.00 |
| Jonathan Komp | Baird | Lowers | Outperform | $105.00 | $110.00 |
| Jim Duffy | Stifel | Lowers | Hold | $75.00 | $79.00 |
| Joseph Civello | Truist Securities | Lowers | Buy | $90.00 | $97.00 |
| Jay Sole | UBS | Lowers | Neutral | $73.00 | $80.00 |
| Adrienne Yih | Barclays | Lowers | Equal-Weight | $70.00 | $79.00 |
| Ike Boruchow | Wells Fargo | Lowers | Overweight | $90.00 | $92.00 |
| Alex Straton | Morgan Stanley | Lowers | Equal-Weight | $74.00 | $80.00 |
| Krisztina Katai | Deutsche Bank | Raises | Buy | $84.00 | $82.00 |
| Lorraine Hutchinson | B of A Securities | Lowers | Buy | $90.00 | $95.00 |
| Tom Nikic | Needham | Maintains | Buy | $84.00 | $84.00 |
| Cristina Fernandez | Telsey Advisory Group | Lowers | Market Perform | $80.00 | $93.00 |
| Ike Boruchow | Wells Fargo | Lowers | Overweight | $92.00 | $95.00 |
| Michael Binetti | Evercore ISI Group | Lowers | Outperform | $97.00 | $105.00 |
| Krisztina Katai | Deutsche Bank | Lowers | Buy | $82.00 | $92.00 |
| Cristina Fernandez | Telsey Advisory Group | Lowers | Outperform | $93.00 | $96.00 |
| Alex Straton | Morgan Stanley | Lowers | Equal-Weight | $80.00 | $82.00 |
| Adrienne Yih | Barclays | Lowers | Equal-Weight | $79.00 | $81.00 |
| Jay Sole | UBS | Lowers | Neutral | $80.00 | $82.00 |
| Lorraine Hutchinson | B of A Securities | Lowers | Buy | $95.00 | $100.00 |
| Matthew Boss | JP Morgan | Lowers | Neutral | $73.00 | $77.00 |
| Tom Nikic | Needham | Announces | Buy | $84.00 | - |
| John Kernan | TD Cowen | Lowers | Hold | $73.00 | $78.00 |
| Piral Dadhania | RBC Capital | Lowers | Sector Perform | $80.00 | $82.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Nike. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Nike compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Nike's stock. This analysis reveals shifts in analysts' expectations over time.
For valuable insights into Nike's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Nike analyst ratings.
About Nike
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Nike's Financial Performance
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Nike's revenue growth over a period of 3 months has been noteworthy. As of 30 November, 2024, the company achieved a revenue growth rate of approximately 6.6%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Nike's net margin excels beyond industry benchmarks, reaching 9.41%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Nike's ROE stands out, surpassing industry averages. With an impressive ROE of 8.31%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Nike's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.07% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Nike's debt-to-equity ratio stands notably higher than the industry average, reaching 0.86. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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