NIKE, Inc. (NKE)
NYSE: NKE · IEX Real-Time Price · USD
94.84
+1.45 (1.55%)
At close: Apr 17, 2024, 4:00 PM
94.75
-0.09 (-0.09%)
After-hours: Apr 17, 2024, 7:59 PM EDT
Nike Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Nike stock have an average target of 116.34, with a low estimate of 85 and a high estimate of 136. The average target predicts an increase of 22.67% from the current stock price of 94.84.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Nike stock from 33 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
---|---|---|---|---|---|---|
Strong Buy | 5 | 8 | 8 | 8 | 8 | 9 |
Buy | 17 | 15 | 15 | 13 | 13 | 13 |
Hold | 11 | 10 | 10 | 10 | 11 | 9 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Total | 35 | 35 | 35 | 33 | 34 | 33 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $110 → $113 | Hold → Strong Buy | Upgrades | $110 → $113 | +19.15% | Apr 11, 2024 |
Morgan Stanley | Morgan Stanley | Buy Maintains $124 → $116 | Buy | Maintains | $124 → $116 | +22.31% | Mar 27, 2024 |
Wedbush | Wedbush | Buy Reiterates n/a | Buy | Reiterates | n/a | n/a | Mar 27, 2024 |
Goldman Sachs | Goldman Sachs | Strong Buy Maintains $135 → $120 | Strong Buy | Maintains | $135 → $120 | +26.53% | Mar 25, 2024 |
Barclays | Barclays | Buy Maintains $142 → $114 | Buy | Maintains | $142 → $114 | +20.20% | Mar 25, 2024 |
Financial Forecast
Revenue This Year
52.21B
from 51.22B
Increased by 1.95%
Revenue Next Year
53.06B
from 52.21B
Increased by 1.62%
EPS This Year
3.62
from 3.23
Increased by 12.00%
EPS Next Year
4.00
from 3.62
Increased by 10.70%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 55.7B | 59.3B | 63.0B | 69.5B | 74.7B |
Avg | 52.2B | 53.1B | 56.2B | 66.3B | 71.0B |
Low | 50.3B | 49.9B | 50.2B | 63.3B | 67.3B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 8.7% | 13.6% | 18.7% | 23.5% | 12.7% |
Avg | 1.9% | 1.6% | 6.0% | 17.9% | 7.1% |
Low | -1.9% | -4.5% | -5.5% | 12.6% | 1.5% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 4.11 | 4.89 | 5.38 | 6.06 | 6.77 |
Avg | 3.62 | 4.00 | 4.50 | 5.64 | 6.33 |
Low | 3.37 | 3.33 | 3.42 | 5.29 | 5.96 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 27.3% | 35.1% | 34.5% | 34.6% | 20.1% |
Avg | 12.0% | 10.7% | 12.4% | 25.3% | 12.2% |
Low | 4.4% | -7.9% | -14.6% | 17.5% | 5.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.