NKE – 25 April 2024 – AI Stock Analysis & News

Bank of America upgraded NIKE (NKE) to a buy rating, sparking investor interest. DAVENPORT & Co LLC also increased their holdings in the company. Other analysts have adjusted their price targets for the stock.

🔴 (-6.1%) Short-term Forecast: Analysts predict a decrease in the stock price
🟢 (+0.9%) Long-term Forecast: Analysts anticipate a slight increase in the stock price

Stock AI’s (NKE) Forecast get (+16.3% Profit)

StockAI’s analysis delivers real-world results. On 23 February 2024, $NKE ($106.53), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $89.2 (🔴-16.3%). Selling NKE on this signal yielded a +16.3% profit 💰💰.

NKE-NIKE, Inc. News

🟢 Bank of America upgraded shares of NIKE from a neutral to a buy rating, setting a target price of $113.00.
🔴 Barclays lowered NIKE’s target price from $142.00 to $114.00 in a research report.
🔴 Piper Sandler decreased NIKE’s price objective from $107.00 to $98.00.
🟢 Bleakley Financial Group raised its position in NIKE by 8.9% in the fourth quarter.
🔴 Hutchens & Kramer Investment Management Group reduced its position in NIKE by 8.3% in the fourth quarter.
🟢 Royal Bank of Canada reaffirmed its “sector perform” rating on NIKE’s stock.

NIKE’s stock has been experiencing mixed reactions to recent news. While upgrades from Bank of America and positive positioning from Bleakley Financial Group have provided some optimism, the target price decreases and reduced positions from other institutions have created uncertainty. The stock’s short-term forecast suggests a decline of 6.1%, possibly influenced by the negative news. However, the long-term forecast shows a slight increase of 0.9%, indicating potential recovery. Investors should closely monitor developments and analyst recommendations to make informed decisions regarding their NIKE holdings.

NKE-NIKE, Inc. Analyst Ratings

Here are some recent analyst ratings on NIKE, Inc. stock:

📉 Barclays analysts decreased their target price on NIKE (NYSE:NKE) from $142.00 to $114.00.

📉 Piper Sandler analysts lowered their price objective on NIKE (NYSE:NKE) from $107.00 to $98.00.

📉 Sanford C. Bernstein analysts reduced their price target on NIKE (NYSE:NKE) from $134.00 to $120.00.

1. Barclays
2. Piper Sandler
3. Sanford C. Bernstein


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

Hero Image

Get the same AI-powered insights for any stock you choose. It's easy!