Nike – Consensus indicates 33.3% upside potential

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Nike found using the ticker (NKE) now have 31 analysts covering the stock with the consensus suggesting a Buy rating. The range between the high target price and the low target price is between 203 and 96, with the middle target price at 140.1. Now, with the previous closing price of 105.11, this would indicate that there is 33.3% upside potential. There is a 50-day moving average of 111.23 and the 200-day moving average is 139.9. The market cap of the company is $162,445 million. You can visit the company’s website by visiting: https://www.nike.com

The potential market capitalization would be $216,521 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 worldwide. The company offers NIKE-branded products in six categories, including running, NIKE basketball, Jordan brand, football, training and sportswear. It also markets products designed for children, as well as other sports and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball- ball, walking, wrestling and other outdoor activities; and apparel with licensed college and pro team and league logos, as well as athletic apparel. In addition, the company sells a range of performance gear and accessories including bags, socks, sports balls, goggles, watches, digital devices, bats, gloves, protective gear and other equipment for sports activities; and various plastic products to other manufacturers. In addition, it provides sports and leisure 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. In addition, the Company grants licensing agreements that allow unaffiliated parties to manufacture and sell apparel, digital devices, apps and other athletic equipment under NIKE-owned brands. She sells her 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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