Nike, Inc. found using the ticker (NKE) now have 30 analysts covering the stock. Analyst consensus points to 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 135.67. Given that the stock’s previous close was at 105.74, this indicates that there is 28.3% upside potential. The 50 day moving average is at 109.42 and the 200 moving average now moves to 130.68. The company has a market capitalization of $164,934 million. Company website: https://investors.nike.com
The potential market capitalization would be $211,619 million based on market consensus.
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NIKE, Inc., 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, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.