tiprankstipranks
Nike price target raised to $145 from $130 at RBC Capital
The Fly

Nike price target raised to $145 from $130 at RBC Capital

RBC Capital analyst Piral Dadhania raised the firm’s price target on Nike to $145 from $130 and keeps an Outperform rating on the shares ahead of its Q3 results. The analyst notes that sentiment on Nike has turned considerably less negative in recent months, supported by China reopening, progress on excess inventory clearance, and macro environment holding up better than feared. The firm is positive on the stock given Nike’s strong brand, healthy revenue momentum in the near term, and the potential for stronger and faster than expected margin recovery in FY24-25.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on NKE:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles