Nike – Consensus points to 31.2% upside potential

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Nike with the ticker code (NKE) now have 29 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 195 and 96, with the middle target price at 129.32. Together with the stock’s previous close at 98.55, this indicates that there is upside potential of 31.2%. There is a 50 day moving average of 109.55 and the 200 day moving average is 126.42. The company has a market capitalization of $152,182 million. Visit the company’s website at: https://investors.nike.com

The potential market capitalization would be $199,697 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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