Nike Stock has Little Upside, According to 1 Wall Street Analyst

Nike (NKE -6.13%) recently announced its fiscal 2024 third-quarter earnings results (for the quarter ending Feb. 29), and the updated Wall Street opinions are starting to roll in. Several analysts covering the stock simply reiterated their forecasts after the footwear giant revealed weak sales trends. But Nike also attracted a significant downgrade from one analyst.Let's look at why the analyst sees almost no upside potential for the stock over the next year.If the shoe fitsAn analyst at RBC Capital lowered ...