Key Takeaways:
- Nike's fiscal fourth-quarter results surpassed Wall Street expectations with revenue at $11.1 billion.
- Analysts' average price target for Nike suggests a potential upside of 13.76% from its current stock price.
- GuruFocus estimates indicate a robust 54.13% upside based on GF Value calculations.
Nike (NKE, Financial) has delivered impressive fiscal fourth-quarter earnings that exceeded Wall Street forecasts, demonstrating resilience against anticipated economic challenges. The company achieved adjusted earnings of $0.14 per share, outpacing predictions by 2 cents. Moreover, Nike's revenue climbed to $11.1 billion, exceeding the estimated $10.72 billion.
Wall Street Analysts Forecast
Drawing insights from the one-year price targets set by 35 analysts, Nike Inc (NKE, Financial) has an average target price of $71.14. This target presents a potential upside of 13.76% from the current share price of $62.54, with projections ranging between a high of $120.00 and a low of $40.00. Investors can access more comprehensive estimate data on the Nike Inc (NKE) Forecast page.
Additionally, the consensus from 41 brokerage firms positions Nike Inc at an average recommendation rating of 2.4, denoting an "Outperform" status. This rating scale spans from 1, indicating a Strong Buy, to 5, representing a Sell.
GuruFocus GF Value Analysis
According to GuruFocus estimates, Nike Inc's (NKE, Financial) GF Value is projected at $96.39 within the next year. This suggests a substantial upside potential of 54.13% from its current price of $62.54. The GF Value reflects the fair trading value of the stock, derived from its historical trading multiples, business growth trajectory, and future performance projections. Investors seeking more detailed data can visit the Nike Inc (NKE) Summary page.
