NKE - Nike To Gain From Innovation Reacceleration And Strengthening Inventory Backdrop Goldman Sachs Analyst Says | Benzinga
Goldman Sachs analyst Brooke Roach reiterated a Buy rating on the shares of Nike Inc (NYSE:NKE) with a price target of $118.00. Nike’s F4Q earnings result is scheduled for June 27.
The analyst is encouraged by the green shoots in Nike’s innovation portfolio, and looks for a greater understanding of NKE’s future innovation pipeline and plan to scale these new innovations on the company’s F4Q earnings call.
Nike’s product franchise lifecycle management efforts will weigh on F1H revenue growth, particularly in the company’s DTC channel, said the analyst.
These efforts, according to the analyst, could potentially have an uneven effect on quarterly sales growth throughout the fiscal ...