Nike (NKE) Receives a Buy from Jefferies

Jefferies analyst Randal Konik maintained a Buy rating on Nike (NKEResearch Report) today and set a price target of $185.00. The company’s shares closed last Monday at $130.19.

According to, Konik is a 5-star analyst with an average return of 10.4% and a 57.1% success rate. Konik covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, aka Brands Holding Corp, and Lululemon Athletica.

Nike has an analyst consensus of Strong Buy, with a price target consensus of $164.32, implying a 26.7% 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.

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Based on Nike’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $11.36 billion and net profit of $1.34 billion. In comparison, last year the company earned revenue of $11.24 billion and had a net profit of $1.25 billion.

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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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