Fri Sep 20 12:15:48 UTC 2024: ## Nike’s Stock Price Gets a Boost from Robert W. Baird

**New York, NY (MarketBeat News) -** Nike (NYSE: NKE) is on the rise, with research analysts at Robert W. Baird raising their target price for the footwear giant from $100.00 to $110.00. This represents a potential upside of 35.85% from the stock’s current price. The firm maintains an “outperform” rating on Nike.

This optimistic outlook comes despite mixed signals from other analysts. Bank of America lowered their price target to $104.00 while maintaining a “buy” rating, while Evercore ISI and Goldman Sachs Group reduced their price objectives to $105.00 and $105.00 respectively, also with “outperform” ratings. Morgan Stanley, however, re-issued an “equal weight” rating and lowered their target price to $79.00.

Overall, analysts remain positive about Nike’s future. MarketBeat.com reports an average rating of “Moderate Buy” with an average target price of $95.70.

Nike recently reported strong quarterly earnings, exceeding analysts’ expectations. The company recorded earnings per share (EPS) of $1.01, surpassing the consensus estimate of $0.85. Revenue also came in at $12.60 billion, though slightly below the consensus estimate of $12.86 billion.

Adding to the positive sentiment, Nike’s Director Robert Holmes Swan purchased 2,941 shares of the company’s stock in a transaction on June 28th, demonstrating confidence in the company’s future.

While analysts and investors remain optimistic, it’s important to note that the market is dynamic and subject to constant shifts. It’s wise to conduct thorough research before making any investment decisions.

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