Goldman Sachs Keeps a Buy Rating on Nike (NKE)

Goldman Sachs analyst Kate McShane maintained a Buy rating on Nike (NKEResearch Report) yesterday and set a price target of $177.00. The company’s shares closed last Tuesday at $137.75.

According to, McShane is a 5-star analyst with an average return of 8.2% and a 64.5% success rate. McShane covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Dick’s Sporting Goods, and Albertsons Companies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nike with a $165.09 average price target, which is a 20.3% upside from current levels. In a report issued on March 8, Cowen & Co. also maintained a Buy rating on the stock with a $144.00 price target.

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Nike’s market cap is currently $205.9B and has a P/E ratio of 34.13.

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NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

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