Nike with ticker code (NKE) have now 31 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 203 and 96 calculating the mean target price we have 137.33. Given that the stocks previous close was at 117.04 this would indicate that there is a potential upside of 17.3%. The 50 day MA is 110.07 and the 200 moving average now moves to 134.42. The company has a market capitalisation of $181,969m. Visit the company website at: https://investors.nike.com
The potential market cap would be $213,515m based on the market concensus.
NIKE, together with its subsidiaries, designs, develops, markets, and sells men’s, women’s, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports and changed its name to NIKE in 1971. NIKE was founded in 1964 and is headquartered in Beaverton, Oregon.
