In a report released today, Aneesha Sherman from Bernstein maintained a Buy rating on Nike, with a price target of $90.00. The company’s shares closed last Friday at $65.22.
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According to TipRanks, Sherman is a 3-star analyst with an average return of 5.4% and a 49.08% success rate. Sherman covers the Consumer Cyclical sector, focusing on stocks such as Nike, On Holding AG, and Lululemon Athletica.
Nike has an analyst consensus of Moderate Buy, with a price target consensus of $84.92, a 30.21% upside from current levels. In a report released on October 10, RBC Capital also maintained a Buy rating on the stock with a $85.00 price target.
Based on Nike’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $11.72 billion and a net profit of $727 million. In comparison, last year the company earned a revenue of $11.59 billion and had a net profit of $1.05 billion
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