Nike Attracts a 30% Price Target Gain Amid a Flurry of Bullish Analyst Interest
With its fourth-quarter earnings report due on Thursday, June 25, Nike (NYSE: NKE) has become a magnet for positive analyst predictions. While many analysts are expressing bullish opinions about the stock, Sam Poser at trading firm Susquehanna International Group outdid the rest. Along with his positive research note endorsement, Susquehanna raised its Nike share price target from $100 to $130 per share, a 30% increase and a 24.4% upside from its year-to-date high of $104.53.
Poser's research note described Nike as "the strongest brand in the retail sector" and cited its extremely rapid recovery as one of the reasons for the price target hike.
Image source: Getty Images.
Source Fool.com
