In a report released today, Erinn Murphy from Piper Jaffray upgraded Nike (NYSE: NKE) to Buy, with a price target of $93. The company’s shares closed on Friday at $79.75, close to its 52-week high of $81.88.
According to TipRanks.com, Murphy is a 1-star analyst with an average return of -0.5% and a 49.0% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.
Currently, the analyst consensus on Nike is a Moderate Buy with an average price target of $84.18, representing a 5.6% upside. In a report issued on August 6, Macquarie also maintained a Buy rating on the stock with a $87 price target.
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Nike’s market cap is currently $127.7B and has a P/E ratio of 69.35. The company has a Price to Book ratio of 13.01.
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