Nike Stock At 5-Month Highs After Bull Note

Core Viewpoint - Nike Inc has received an upgrade to "overweight" from "neutral" by J.P. Morgan Securities, with a price target increase from $64 to $94, indicating strong optimism for the company's future performance, particularly ahead of the 2026 FIFA World Cup in the U.S. [1] Stock Performance - Nike's stock is currently trading at $77.85, reflecting a 2.1% increase, and has gained 10.6% in the current quarter, reaching its highest level since early March [1][2] - The stock has been building separation from its year-to-date breakeven mark, which has acted as both support and resistance since late June [2] Analyst Sentiment - Among analysts, there is a divided sentiment with 19 out of 35 brokerage firms recommending a "hold" or worse, while the average 12-month price target is $77.30, suggesting potential for further bullish recommendations [3] Volatility Expectations - Options traders are anticipating low volatility for Nike's stock, as indicated by a Schaeffer's Volatility Index (SVI) of 27%, which is in the low 9th percentile of its annual range [4] - Historically, Nike's stock has outperformed these low volatility expectations, as reflected in its Schaeffer's Volatility Scorecard (SVS) of 78 out of 100 [4]