In a report released yesterday, Matthew Boss from J.P. Morgan maintained a Buy rating on Nike (NKE – Research Report), with a price target of $164.00. The company’s shares closed last Monday at $130.19.
According to TipRanks.com, Boss is a 4-star analyst with an average return of 4.7% and a 52.7% success rate. Boss covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Abercrombie Fitch, and Levi Strauss & Co.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nike with a $164.90 average price target, implying a 27.1% upside from current levels. In a report issued on March 14, Bernstein also initiated coverage with a Buy rating on the stock with a $160.00 price target.
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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