1 Wall Street Analyst Thinks Nike Stock Is Going to $115. Is It a Buy Around $77?

Core Viewpoint - Analyst Randal Konik has upgraded Nike's stock recommendation to buy, citing a potential 50% upside, with a new price target of $115 per share from$75, indicating strong confidence in the company's future performance [2][4]. Company Performance - Nike's new CEO, Elliott Hill, is effectively addressing internal challenges, particularly in the distribution system, which has positively influenced the company's operations [3][5]. - Surveys indicate that Nike's brand strength remains robust, suggesting that current issues are internal rather than due to external factors [4]. Financial Projections - Konik anticipates a "v-shaped recovery" in profit margins and per-share earnings, projecting fiscal 2027 earnings per share at $3.50, significantly higher than the current consensus estimate of$2.95 [4]. Strategic Partnerships - Nike has recently signed a cooperation deal with Skims, an athleisure brand co-founded by Kim Kardashian, which is expected to generate significant interest in the upcoming NikeSKIMS line [5].