Key Highlights:
- Nike Inc. (NKE, Financial) is teaming up with Kim Kardashian's SKIMS for a new apparel line.
- Wall Street analysts forecast a potential 31.34% upside in Nike's stock.
- GuruFocus estimates suggest a 67.59% upside in Nike's fair value.
Nike Inc. (NKE) is embarking on an exciting collaboration with SKIMS, the brand co-founded by Kim Kardashian. This strategic partnership aims to introduce a fresh and innovative line of training apparel, footwear, and accessories. Scheduled for a global launch by 2026, this new collection will operate independently from Nike's existing main divisions, reflecting a significant move to capture diverse market segments and leverage the brand's iconic status.
Wall Street Analysts Forecast
Among investment circles, there is considerable anticipation surrounding Nike's market trajectory. With insights from 36 prominent analysts, the average price target for Nike Inc. (NKE, Financial) stands at $75.25. Notably, the targets range from a high of $120.00 to a low of $40.00, suggesting a potential upside of 31.34% from the present stock price of $57.30. For those seeking deeper insights, a comprehensive breakdown is accessible on the Nike Inc (NKE) Forecast page.
Diving deeper into analyst consensus, evaluations from 41 brokerage firms yield an average recommendation rating of 2.4 for Nike Inc. (NKE, Financial), interpreted as an "Outperform" status. This rating plays on a scale where 1 denotes a Strong Buy and 5 indicates a Sell, positioning Nike favorably amongst investors and analysts alike.
From a valuation perspective, GuruFocus offers a compelling assessment with its estimated GF Value for Nike Inc. (NKE, Financial) at $96.02 over the next year. This suggests a robust upside potential of 67.59% from the current price of $57.295. The GF Value is a crucial metric, meticulously calculated based on historical trading multiples, previous business growth, and future performance estimates. For more granular data, investors can visit the Nike Inc (NKE) Summary page.
