J.P. Morgan Reaffirms Their Buy Rating on Nike (NKE)

J.P. Morgan analyst Research Report) today and set a price target of $130.00. The company’s shares closed yesterday at $110.11.

According to TipRanks, Boss is a 3-star analyst with an average return of 1.3% and a 50.14% success rate. Boss covers the Consumer Goods sector, focusing on stocks such as American Eagle, Bath & Body Works, and Nike.

In addition to J.P. Morgan, Nike also received a Buy from Guggenheim’s Robert Drbul in a report issued on July 29. However, yesterday, BNP Paribas downgraded Nike (NYSE: NKE) to a Hold.

See today’s best-performing stocks on TipRanks >>

Based on Nike’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $12.23 billion and a net profit of $1.44 billion. In comparison, last year the company earned a revenue of $12.34 billion and had a net profit of $1.51 billion

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on NKE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More