- The shares of Nike, Inc (NYSE: NKE) have received a price target increase from $150 to $195 by Oppenheimer. These are the details.
The shares of Nike, Inc (NYSE: NKE) have received a price target increase from $150 to $195 by Oppenheimer. And Oppenheimer analyst Brian Nagel reiterated an “Outperform” rating on the company shares.
Nagel believes that Nike has plenty of room to run and that the company’s recent investments are starting to pay off. And Nagel wrote that the market is underappreciating the enhanced intermediate-to longer-term EPS power of Nike’s digital-driven model.
“A while back, NKE embarked upon a significant repositioning, whereby senior leadership committed to digitizing the company and its processes, all the while re-focusing upon superior product innovation. On the heels of much better than expected Q4 (May) results and with shares through our prior objective, we reviewed carefully NKE and our stance on the story,” wrote Nagel in the research note.
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