Quick Read – Nike (NKE) trades at $39, and Bernstein’s $72 target implies 84% upside despite insiders selling across 13 transactions with zero open-market purchases. – On Holding (ONON) leads peers with 45% consensus upside, while Deckers (DECK) held up best, falling just 12% as…
KA keeps growing double-digits. – Running posted 5 straight double-digit growth quarters and gained market share, but China dropped 17% and Converse collapsed 32%, fracturing Nike’s turnaround story. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Nike didn’t make the cut. Grab the names FREE today
Nike (NYSE:NKE) trades at $39.09, while Wall Street’s average price target sits at $50.66, an implied upside of roughly 30%. Nike is the world’s largest athletic footwear company and one of the most contentious names in consumer discretionary. CEO Elliott Hill’s Win Now turnaround is grinding into a second year, and shares reflect the frustration.
Bernstein’s Aneesha Sherman and Nick Anderson carry a $72 target, implying roughly 84% upside. That gap between price and the most bullish coverage is the real story. A Year That Erased Nearly Half the Stock Nike is down 47.81% over the trailing 12 months.