Nike price target raised to $68 from $57 at Citi

Citi raised the firm’s price target on Nike (NKE) to $68 from $57 and keeps a Neutral rating on the shares. The company’s fiscal Q4 sales beat consensus while gross margin was slightly weaker, the analyst tells investors in a research note. The firm says that management, as expected, is focused on “starting clean” in the second half of 2026, and guided Q1 reported sales “better than market fears.” Citi continues to see a balanced risk/reward for the shares.