Nike Inc. (NKE:NYE) Analysts are Bullish with a Strong Buy, $132 target

STA Research
by: STA Research
Nike Stock Forecast

Nike Stock Forecast Analysis:

Based on the Nike stock forecast from 25 analysts, the average analyst target price for Nike is USD 131.92 over the next 12 months. Nike average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Nike Inc is Slightly Bullish, which is based on 8 positive signals and 6 negative signals. At the last closing, Nike stock price was USD 107.21Nike stock price has changed by -4.60% over the past week, -5.26% over the past month and -31.46% over the last year.

 

About Nike Inc (NKE:NYE)

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men’s, women’s, and kids athletic footwear, apparel, equipment, and accessories worldwide.

The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and 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, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks.

The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; 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.

 

Most Recent Analyst Ratings for NKE’s stock:

Downgrade Barclays Overweight » Equal
Weight USD 125 » USD 110 2022-09-20
Target Down STA Research Hold USD 121 2022-09-12
Maintains Cowen Outperform USD 127 » USD 124 2022-09-12
Target Lowered by Wedbush USD 130 » USD 121 2022-09-09
Downgrade BNP Paribas Outperform » Neutral USD 118 2022-08-09
Maintains STA Research Buy USD 149 2022-07-26
Assumes Piper Sandler Neutral USD 115 2022-07-26
Initiates Coverage On KeyBanc Sector Weight 2022-07-21
Target Lowered by Stifel Nicolaus Research USD 135 » USD 130 2022-07-20
Target Lowered by UBS USD 168 » USD 156 2022-07-15
Maintains STA Research Buy USD 149 2022-06-29
Maintains Goldman Sachs Buy USD 155 » USD 120 2022-06-29
Maintains Barclays Overweight USD 140 » USD 125 2022-06-29
Maintains Guggenheim Securities Buy USD 160 » USD 155 2022-06-28
Maintains Stifel Nicolaus Research Buy USD 150 » USD 135 2022-06-28
Maintains Deutsche Bank Capital Buy USD 152 » USD 130 2022-06-28
Maintains Robert W Baird Outperform USD 150 » USD 140 2022-06-28
Maintains Wedbush Outperform USD 139 » USD 130 2022-06-28
Target Set by Jefferies Financial LLC USD 155 2022-06-28
Maintains BMO Financial Outperform USD 142 » USD 128 2022-06-28
Maintains Morgan Stanley Overweight USD 159 » USD 149 2022-06-28
Maintains Wells Fargo Overweight USD 150 » USD 130 2022-06-28
Maintains Telsey Advisory Outperform USD 140 » USD 130 2022-06-28
Maintains Cowen Outperform USD 133 » USD 127 2022-06-28
Maintains Citigroup Neutral USD 123 » USD 116 2022-06-28

 

What we like:

High market capitalization

Nike Stock Forecast: This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior return on equity

Nike Stock Forecast: The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

Nike Stock Forecast: The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

 

What we don’t like:

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

 

 

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