Across the recent three months, 33 analysts have shared their insights on Nike NKE, expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 8 | 19 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 6 | 8 | 14 | 0 | 0 |
| 3M Ago | 0 | 0 | 3 | 0 | 0 |
Analysts have recently evaluated Nike and provided 12-month price targets. The average target is $89.7, accompanied by a high estimate of $110.00 and a low estimate of $73.00. Witnessing a positive shift, the current average has risen by 0.4% from the previous average price target of $89.34.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Nike among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Kernan | TD Cowen | Lowers | Hold | $73.00 | $78.00 |
| Piral Dadhania | RBC Capital | Lowers | Sector Perform | $80.00 | $82.00 |
| Joseph Civello | Truist Securities | Raises | Buy | $97.00 | $83.00 |
| Adrienne Yih | Barclays | Lowers | Equal-Weight | $81.00 | $84.00 |
| John Kernan | TD Cowen | Raises | Hold | $78.00 | $71.00 |
| Robert Drbul | Guggenheim | Lowers | Buy | $110.00 | $115.00 |
| Krisztina Katai | Deutsche Bank | Lowers | Buy | $92.00 | $95.00 |
| Matthew Boss | JP Morgan | Lowers | Neutral | $77.00 | $80.00 |
| Cristina Fernandez | Telsey Advisory Group | Lowers | Outperform | $96.00 | $100.00 |
| Piral Dadhania | RBC Capital | Lowers | Sector Perform | $82.00 | $85.00 |
| Michael Binetti | Evercore ISI Group | Lowers | Outperform | $105.00 | $110.00 |
| Jay Sole | UBS | Raises | Neutral | $82.00 | $78.00 |
| Joseph Civello | Truist Securities | Lowers | Hold | $83.00 | $85.00 |
| Lorraine Hutchinson | B of A Securities | Lowers | Buy | $100.00 | $104.00 |
| Randal Konik | Jefferies | Raises | Hold | $85.00 | $80.00 |
| Joseph Civello | Truist Securities | Maintains | Hold | $85.00 | $85.00 |
| Alex Straton | Morgan Stanley | Raises | Equal-Weight | $82.00 | $79.00 |
| Piral Dadhania | RBC Capital | Raises | Sector Perform | $85.00 | $75.00 |
| Lorraine Hutchinson | B of A Securities | Maintains | Buy | $104.00 | $104.00 |
| Matthew Boss | JP Morgan | Lowers | Neutral | $80.00 | $83.00 |
| Cristina Fernandez | Telsey Advisory Group | Maintains | Outperform | $100.00 | $100.00 |
| Anna Andreeva | Piper Sandler | Maintains | Neutral | $80.00 | $80.00 |
| Cristina Fernandez | Telsey Advisory Group | Maintains | Outperform | $100.00 | $100.00 |
| Joseph Civello | Truist Securities | Raises | Hold | $85.00 | $81.00 |
| Ike Boruchow | Wells Fargo | Raises | Overweight | $95.00 | $86.00 |
| Alex Straton | Morgan Stanley | Maintains | Equal-Weight | $79.00 | $79.00 |
| Michael Binetti | Evercore ISI Group | Raises | Outperform | $110.00 | $105.00 |
| Krisztina Katai | Deutsche Bank | Maintains | Buy | $92.00 | $92.00 |
| Jonathan Komp | Baird | Raises | Outperform | $110.00 | $100.00 |
| Aneesha Sherman | Bernstein | Lowers | Outperform | $109.00 | $112.00 |
| Adrienne Yih | Barclays | Raises | Equal-Weight | $84.00 | $80.00 |
| Jim Duffy | Stifel | Lowers | Hold | $79.00 | $88.00 |
| Anna Andreeva | Piper Sandler | Announces | Neutral | $80.00 | - |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Nike compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Nike's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Nike's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Nike analyst ratings.
Get to Know Nike Better
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.
Financial Insights: Nike
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Nike's revenue growth over a period of 3 months has faced challenges. As of 31 August, 2024, the company experienced a revenue decline of approximately -10.43%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Nike's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.07%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Nike's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.41%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Nike's ROA excels beyond industry benchmarks, reaching 2.77%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 0.87, Nike faces challenges in effectively managing its debt levels, indicating potential financial strain.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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