Deutsche Bank analyst Paul Trussell maintained a Buy rating on Nike inc (NKE) today and set a price target of $100. The company’s shares opened today at $87.44, close to its 52-week high of $90.
According to TipRanks.com, Trussell is a 4-star analyst with an average return of 3.8% and a 57.9% success rate. Trussell covers the Services sector, focusing on stocks such as Designer Brands Inc, Burlington Stores, and Casey’s General.
Currently, the analyst consensus on Nike inc is a Moderate Buy with an average price target of $94.50, which is an 8.1% upside from current levels. In a report issued on June 27, Guggenheim also maintained a Buy rating on the stock with a $100 price target.
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Based on Nike inc’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $10.18 billion and net profit of $989 million. 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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