3 days ago
Goldman Sachs Sticks to Their Buy Rating for Nike (NKE)
Goldman Sachs analyst Brooke Roach maintained a Buy rating on Nike yesterday and set a price target of $85.00. The company's shares closed yesterday at $74.02.
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Roach covers the Consumer Cyclical sector, focusing on stocks such as Kontoor Brands, Kohl's, and Nike. According to TipRanks, Roach has an average return of 6.0% and a 51.63% success rate on recommended stocks.
In addition to Goldman Sachs, Nike also received a Buy from TR | OpenAI – 4o's Jax Loafter in a report issued on July 18. However, yesterday, Stifel Nicolaus reiterated a Hold rating on Nike (NYSE: NKE).
Based on Nike's latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $11.1 billion and a net profit of $211 million. In comparison, last year the company earned a revenue of $12.61 billion and had a net profit of $1.5 billion
