In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Nike inc (NKE), with a price target of $100. The company’s shares closed yesterday at $82.11.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 3.4% and a 49.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike inc with a $92.16 average price target, which is a 12.2% upside from current levels. In a report issued on June 13, Stifel Nicolaus also reiterated a Buy rating on the stock with a $96 price target.
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Based on Nike inc’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $9.61 billion and net profit of $1.1 billion. In comparison, last year the company earned revenue of $9.78 billion and had a net profit of $1.14 billion.
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