When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Nike (NKE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Nike currently has an average brokerage recommendation (ABR) of 1.87 ...

Nike (NKE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this athletic apparel maker have returned +0%, compared to the Zacks S&P 500 composite's -4.2% change. During this period, the Zacks Shoes and Retail Apparel industry, which Nike falls in, has lost 2.5%. The key question now is: What could be the stock's future direction?Although media reports or ...

Robert WayInvestment thesis Nike (NYSE:NKE) boasts robust brand equity and holds a dominant position in an industry that is poised for sustained growth, with more than double the sales of its closest competitor. The company is facing several headwinds, some of which are temporary and others that will take longer to address as it reassesses its business model and growth algorithm looking ahead. Yet, all the discussion around Nike boils down to whether the company can sustain its brand equity, a key compe ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

This smaller business is reporting much better revenue and earnings growth.As one of the world's most recognized brands, Nike (NKE 0.44%) is a name that is all too familiar with consumers and investors alike. The business has come to dominate the athletic apparel and footwear industries, generating $51.6 billion in trailing-12-month revenue and sporting a market capitalization of $143 billion.However, this consumer-discretionary stock hasn't made for a smart investment. Its shares are down 30% in the past t ...

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Key TakeawaysNike shares come into focus Monday after the company said it plans to lay off 740 employees by the end of June.The staff reductions form part of of a three-year cost-cutting plan to reduce expenses by $2 billion, which the company announced in December.Nike shares may find a floor of support near a double bottom chart pattern around $89, and resistance near a horizontal line at $104. Shares in Nike (NKE) will be in focus Monday after the sports apparel and equipment maker revealed via a notice ...

Nike (NKE) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this athletic apparel maker have returned -5.7%, compared to the Zacks S&P 500 composite's -0.9% change. During this period, the Zacks Shoes and Retail Apparel industry, which Nike falls in, has lost 7%. The key question now is: What could be the stock's future direction?Altho ...

Thank you for your assistant Things have been less than perfect over the recent years at Nike, Inc. (NYSE:NKE). Since hitting all-time highs in 2021, fueled by the surge in consumer spending, shares have fallen by over 40%, translating to the loss of over $130B in shareholder value. Pessimism hasn't been this extreme for the worldwide leader in footwear and apparel in quite some time. With consumers tightening their spending habits and fears of intensifying industry competition creeping in, many have wr ...

Bank of America thinks Nike is ready for a rebound.Nike (NKE) stock pulled back on its recent earnings report after it reported weak revenue growth and offered disappointing guidance. The update also showed that Nike was losing market share to up-and-coming competitors like On Holding and Deckers' Hokas.However, Nike just got some good news via an endorsement from Bank of America, which upgraded the footwear stock on Thursday to a buy with a price target of $113. BofA says Nike's OKAccording to Bank of Amer ...