Nike inc (NKE) Gets a Buy Rating from Wedbush

By Austin Angelo

Wedbush analyst Christopher Svezia maintained a Buy rating on Nike inc (NKEResearch Report) today and set a price target of $100.00. The company’s shares closed last Monday at $87.18, close to its 52-week high of $90.00.

According to TipRanks.com, Svezia is a 4-star analyst with an average return of 7.0% and a 51.0% success rate. Svezia covers the Consumer Goods sector, focusing on stocks such as Deckers Outdoor, Skechers USA, and Caleres Inc.

Currently, the analyst consensus on Nike inc is a Moderate Buy with an average price target of $97.20, which is an 11.5% upside from current levels. In a report issued on September 17, Needham also maintained a Buy rating on the stock with a $92.00 price target.

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The company has a one-year high of $90.00 and a one-year low of $66.53. Currently, Nike inc has an average volume of 5.79M.

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