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Why Nike Stock Raced Ahead Today

TheMotleyFool 
0 0 02.07.25
Why Nike Stock Raced Ahead TodayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png
 

Athletic apparel and footwear star (NYSE: NKE) notched a stock market victory for its investors on Tuesday with a more than 3% increase in share price. That was due in no small part to an analyst upgrade, accompanied by some rather bullish commentary. Nike's lift was in contrast to the performance of the S 500 index, which slumped by 0.1% on the day.

Well before market open, John Staszak of Argus changed his Nike recommendation to buy (from his previous neutral) at a price target of $85 per share. That anticipates upside of more than 15% on the stock's most recent closing price.

Image source: Getty Images.

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Source Fool.com

Nike Inc. B Stock

€34.90
1.310%
Nike Inc. B gained 1.310% today.
Our community is currently high on Nike Inc. B with 70 Buy predictions and 5 Sell predictions.
With a target price of 64 € there is a hugely positive potential of 83.38% for Nike Inc. B compared to the current price of 34.9 €.
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