Nike – Consensus indicates 21.9% upside potential


Nike found using the ticker (NKE) now have 33 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 185 and 77 and has an average objective at 110.07. Given that the stock’s previous close was at 90.3, this indicates that there is upside potential of 21.9%. The 50-day moving average now stands at 96.97 while the 200-day moving average is at 116.15. The market cap of the company is $141,439 million. You can visit the company’s website by visiting:

The potential market capitalization would be $172,405 million based on market consensus.

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NIKE, together with its subsidiaries, designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for men, women and children worldwide. The Company provides athletic and recreational footwear, apparel and accessories under the Jumpman brand; and casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell brands. Additionally, it sells a range of performance gear and accessories including bags, socks, sports balls, goggles, watches, digital devices, bats, gloves, protective gear and accessories. other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team logos and league logos, as well as athletic apparel. In addition, it authorizes unaffiliated parties to manufacture and sell apparel, digital devices, applications and other equipment for sports activities under brands owned by NIKE. The company sells its products to shoe stores; sporting goods stores; stores specializing in athletics; department stores; skate, tennis and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees and sales representatives. The company was formerly known as Blue Ribbon Sports and changed its name to NIKE in 1971. NIKE was founded in 1964 and is headquartered in Beaverton, Oregon.


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