NKE - What's In Store For Nike In Q3 Earnings? Analyst Sees Revenue Decline In North America & EMEA | Benzinga
RBC Capital Markets analyst Piral Dadhania reiterated the Outperform rating on Nike, Inc. (NYSE:NKE), lowering the price forecast to $110 from $120.
Nike plans to release its third quarter fiscal 2024 financial results on Thursday, March 21, 2024.
Per Dadhania, the company’s revenue growth expectations for 3Q24 have sufficiently rebased to low single-digit growth, which the analyst does not view as demanding and minimizes the risk of an FY24 guidance cut.
The analyst remains confident in execution, gross margin tailwinds, and outsized marketing firepower, which offers a relatively more defensive ...