NKE - Nike Has 'Stronger Revenue Growth Ahead' Says Bullish Goldman Sachs | Benzinga
Nike Inc (NYSE: NKE) offered heavy discounts, going up to 60% on even fresh stock, during Black Friday and Cyber Monday as bargain-conscious shoppers increased their online spend.
While the company’s near-term challenges are "well understood,” its growth and margin prospects are improving, according to Goldman Sachs.
The Nike Analyst: Brooke Roach initiated coverage of Nike with a Buy rating and a price target of $139.
The Nike Thesis: Although Nike faces market share gains by some competitors, wholesale channel pressures, and ...