NKE - Has Nike Stock Bottomed? Analysts Explore Q1 Print Outlook Back-To-School Trends | Benzinga
Nike Inc (NYSE: NKE) reported upbeat first-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways:
- Goldman Sachs analyst Kate McShane maintained a Buy rating and price of $136.
- Telsey Advisory Group analyst Cristina Fernández reiterated an Outperform rating and price target of $128.
- Oppenheimer analyst Brian Nagel reaffirmed an Outperform rating on the stock.
- Morgan Stanley analyst Alex Straton maintained an Overweight rating and price target of $126.
- Keybanc analyst Ashley Owens reaffirmed a Sector Weight rating on the stock.
Check out other analyst stock ratings.
Goldman Sachs: Nike’s fiscal first-quarter results were better than feared, with its earnings beat driven by higher margins, McShane said.
The company reported North America and total revenues in-line with expectations and provided "healthy commentary on retail sell-through trends (+MSD Y/Y) for 1Q/2Q and back-to-school,” the ...