Oppenheimer Maintains Their Buy Rating on Nike (NKE)


In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Nike (NYSE: NKE). The company’s shares closed on Friday at $74.21.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.6% and a 59.8% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $88.38 average price target, which is a 19.1% upside from current levels. In a report issued on October 8, Nomura also reiterated a Buy rating on the stock with a $85 price target.

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Nike’s market cap is currently $117.9B and has a P/E ratio of 59.37. The company has a Price to Book ratio of 13.11.

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