Nike Inc. (NYSE:NKE) shares are gaining Thursday.
A wave of analyst calls hits the stock. Here’s what you should know.
Nike stock is moving in positive territory. What’s pushing NKE stock higher?
Nike Stock Rises as Analysts Split On Outlook Barclays analyst Adrienne Yih stayed at Overweight on Nike Thursday and raised the price target to $45 from $37. More news today includes Wolfe Research analyst Spencer Hanus, who opened coverage at Underperform with a $28 price target.
Guggenheim analyst Simeon Siegel and BTIG analyst Robert Drbul, meanwhile, each stuck with Buy and a $50 price target. Across 25 analysts, Benzinga’s consensus rating is Hold.
04, and individual targets run from $19 to $75. Nike Launches Barcelona Collection With Tyler, The Creator Nike also launched a collaboration last week.
On October 15, it teamed with FC Barcelona and Spotify on an 11-piece collection created in collaboration with Tyler, The Creator, founder of the GOLF WANG brand. The designs draw on the club’s heritage and the artist’s creative vision.
Nike paired the launch with (The) Creator’s Àgora, a cultural space in Barcelona’s Gothic Quarter that stays open through October 25, the day of El Clásico. com and GOLF stores in five cities.
com and SNKRS will add it soon. Nike Rebounds Inside a Longer Downtrend Nike has gained approximately 3% over five days and 6% over a month, lifting the stock to around $38, its highest price since September 8.
The rebound still sits inside a larger downtrend. 97.
Momentum favors buyers for now. 25, and MACD readings show strength, with the indicator above both its signal line and zero.
79 offers a cushion. 50 is the next test.
17 at the time of publication on Thursday, according to Benzinga Pro.
