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Why Nike's Price Dip Could Mean Bigger Profits Ahead
Benzinga· 2025-11-11 17:52
Nike Inc. (NYSE:NKE) shares have pulled back since the release of the first-quarter earnings report, offering a particularly attractive buying opportunity.Bank of America analyst Lorraine Hutchinson maintains a Buy rating on Nike, with a price forecast of $84, representing a 38.2% upside from the recent price of $60.80.Bank of America says Nike’s recent share decline presents a compelling entry opportunity, supported by expectations that its accelerating innovation pipeline will fuel a recovery in sales and ...