Nike's Sneaker Buzz And Tariff Risks Could Shape Its Future: Analyst

Needham analyst Tom Nikic reiterated a Buy rating on the shares of Nike Inc NKE with a price forecast of $75.00.According to the analyst, monitoring collectible sneaker trends is a way to gauge broader sneaker demand. High-demand releases, those selling out quickly at launch and fetching premiums on resale sites like StockX and GOAT often indicate a strong market.Tariffs are expected to heavily influence the footwear sector in the short term, said the analyst. With nearly all U.S. footwear being imported, c ...