Nike (NKE) Receives a Hold from Wells Fargo

By Austin Angelo

In a report released today, Tom Nikic from Wells Fargo maintained a Hold rating on Nike (NKEResearch Report), with a price target of $80. The company’s shares opened today at $85.20, close to its 52-week high of $88.59.

According to TipRanks.com, Nikic is ranked #4078 out of 5265 analysts.

Nike has an analyst consensus of Moderate Buy, with a price target consensus of $91.39, which is a 7.3% upside from current levels. In a report issued on March 19, Goldman Sachs also maintained a Hold rating on the stock with a $85 price target.

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Based on Nike’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $9.37 billion and net profit of $847 million. In comparison, last year the company earned revenue of $8.98 billion and had a GAAP net loss of $921 million.

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