Why Nike Stock Just Popped
Nike (NYSE: NKE) ran up 3% through 10:05 a.m. ET Monday morning after JPMorgan analyst Matthew Boss upgraded the stock to overweight and raised his price target on the shoes and sportswear star to $93 a share.
Citing its own "fieldwork" on the stock, as well as conversations with management and SEC filings, Boss is raising his earnings forecasts for Nike in 2026 and 2027. He's predicting the company will grow earnings in the "high-teens to 20%" over the next five years, reports StreetInsider.com.
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Source Fool.com
Nike Inc. B Stock
€57.34
0.330%
The stock is an absolute favorite of our community with 59 Buy predictions and no Sell predictions.
With a target price of 73 € there is a positive potential of 27.31% for Nike Inc. B compared to the current price of 57.34 €.
