Susquehanna analyst Sam Poser reiterated a Buy rating on Nike (NYSE: NKE) today and set a price target of $100. The company’s shares closed yesterday at $84.43, close to its 52-week high of $85.85.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.3% and a 58.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
Nike has an analyst consensus of Moderate Buy, with a price target consensus of $85.83, a 1.7% upside from current levels. In a report issued on September 6, HSBC also maintained a Buy rating on the stock with a $92 price target.
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Based on Nike’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $9.78 billion and net profit of $1.14 billion. In comparison, last year the company earned revenue of $9.07 billion and had a net profit of $950 million.
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