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Analysts Offer Insights on Consumer Goods Companies: Nike (NKE) and Overstock (OSTK)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Nike (NKEResearch Report) and Overstock (OSTKResearch Report).

Nike (NKE)

In a report issued on July 29, Robert Drbul from Guggenheim maintained a Buy rating on Nike, with a price target of $155.00. The company’s shares closed last Monday at $114.30.

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 7.6% and a 59.9% success rate. Drbul covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Columbia Sportswear, and Lululemon Athletica.

Currently, the analyst consensus on Nike is a Moderate Buy with an average price target of $129.82, implying a 13.9% upside from current levels. In a report issued on July 20, Stifel Nicolaus also maintained a Buy rating on the stock with a $130.00 price target.

See the top stocks recommended by analysts >>

Overstock (OSTK)

Guggenheim analyst Seth Sigman reiterated a Hold rating on Overstock on July 28. The company’s shares closed last Monday at $29.78, close to its 52-week low of $24.69.

According to TipRanks.com, Sigman has 0 stars on 0-5 stars ranking scale with an average return of -9.6% and a 52.8% success rate. Sigman covers the Consumer Goods sector, focusing on stocks such as Revolve Group, Poshmark, and Farfetch.

Currently, the analyst consensus on Overstock is a Moderate Buy with an average price target of $55.00, which is a 92.3% upside from current levels. In a report issued on July 28, Bank of America Securities also maintained a Hold rating on the stock with a $34.00 price target.

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Read More on NKE:

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