Nike Likely To Report Lower Quarterly Earnings - Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

NIKE, Inc. NKE is expected to report its financial results for the latest quarter after the closing bell on March 21, 2023.

Analysts expect the company to post quarterly earnings at $0.55 per share, down from $0.87 per share in the year-ago period. The company’s revenue might come in at $11.47 billion.

Nike shares gained 0.7% to close at $121.20 on Monday, and added 1.1% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Kate Fitzsimons maintained an Overweight rating and raised the price target from $135 to $146 on Jan. 26, 2023. This analyst sees around 20% upside in the company’s stock and has an accuracy rate of 71%.
• HSBC analyst Erwan Rambourg maintained a Hold rating and raised the price target from $100 to $125 on Jan. 12, 2023. This analyst sees around 3% upside in the company’s stock and has an accuracy rate of 72%.
• UBS analyst Jay Sole maintained a Buy rating and raised the price target from $141 to $146 on Dec. 21, 2022. This analyst sees around 20% upside in the company’s stock and has an accuracy rate of 71%.
• Morgan Stanley analyst Alex Straton maintained an Overweight rating and boosted the price target from $127 to $138 on Dec. 21, 2022. This analyst sees around 14% upside in the company’s stock and has an accuracy rate of 71%.
• Raymond James analyst Rick Patel maintained an Outperform rating and raised the price target from $99 to $130 on Dec. 21, 2022. This analyst sees around 7% upside in the company’s stock and has an accuracy rate of 84%.

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