These Analysts Revise Price Targets On Nike Following Upbeat Q3 Earnings

Nike Inc NKE reported better-than-expected fiscal third-quarter results and increased its full-year revenue forecast.

Nike said revenue increased 14% year-over-year to $12.4 billion, which beat average analyst estimates of $11.47 billion. The company reported quarterly earnings of $0.79 per share, which beat consensus estimates of 55 cents per share.

Nike shares fell 1.3% to $124.00 in pre-market trading.

These analysts made changes to their price targets on Nike following the release of results.

• Telsey Advisory Group boosted the price target on Nike from $138 to $140. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating.
• UBS increased the price target on Nike from $151 to $155. UBS analyst Jay Sole maintained a Buy rating.
• Barclays increased the price target on Nike from $110 to $154. Barclays analyst Adrienne Yih upgraded the stock from Equal-Weight to Overweight.
• Baird boosted the price target on Nike from $130 to $138. Baird analyst Jonathan Komp maintained the stock with an Outperform rating.
• Credit Suisse raised the price target on Nike from $132 to $139. Credit Suisse analyst Michael Binetti maintained the stock with an Outperform rating.
• Citigroup raised the price target on Nike from $115 to $125. Citigroup analyst Paul Lejuez maintained the stock with a Neutral rating.
• Raymond James raised the price target on Nike from $130 to $135. Raymond James analyst Rick Patel maintained the stock with an Outperform rating.
• Wells Fargo cut the price target on Nike from $146 to $142. Wells Fargo analyst Kate Fitzsimons maintained the stock with an Equal-Weight rating.
• JP Morgan slashed the price target on Nike from $156 to $152. JP Morgan analyst Matthew Korn maintained the stock with an Overweight rating.

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