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Nike Stock – Nike (NKE) Received its Third Buy in a Row

After UBS and Morgan Stanley gave Nike (NYSE: NKE) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel maintained a Buy rating on Nike today and set a price target of $150.00. The company’s shares closed last Monday at $133.49.

According to, Nagel is a top 25 analyst with an average return of 37.8% and a 78.1% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, The Lovesac Company, and Lululemon Athletica.

Currently, the analyst consensus on Nike is a Strong Buy with an average price target of $167.89, which is a 26.3% upside from current levels. In a report issued on March 15, Piper Sandler also maintained a Buy rating on the stock with a $170.00 price target.

See today’s analyst top recommended stocks >>

Nike’s market cap is currently $209.7B and has a P/E ratio of 50.20. The company has a price to Book ratio of -408.69.

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NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

Read More on NKE:

Nike Stock – Nike (NKE) Received its Third Buy in a Row

Tags: Nike Stock

James Albert

James Albert

James Albert is a personal-finance analist for FintechZoom and is based in New York. Contact: [email protected]

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