Nike Stock Could Soar 60%, According to 1 Wall Street Analyst. Is It a Buy Now?

Nike (NKE -1.36%) stock has been in a downward spiral for the past three years as sales declined, and it appeared to be losing its edge. But all hope is not lost. The company just reported a strong earnings beat, and it's the leader, by far, in its industry. In fact, one Wall Street analyst sees Nike stock shooting 60% higher over the next 12 to 18 months even after it jumped 15% after earnings. Getting back in the game Nike has been dealing with multiple mishaps. It's reestablishing partnerships with whole ...