Nike Stock Has 22% Upside, According to 1 Wall Street Analyst

Bank of America thinks Nike is ready for a rebound.Nike (NKE) stock pulled back on its recent earnings report after it reported weak revenue growth and offered disappointing guidance. The update also showed that Nike was losing market share to up-and-coming competitors like On Holding and Deckers' Hokas.However, Nike just got some good news via an endorsement from Bank of America, which upgraded the footwear stock on Thursday to a buy with a price target of $113. BofA says Nike's OKAccording to Bank of Amer ...