Analysts Are Increasing Price Targets of These 5 Stocks

04. NIKE, Inc. (NYSE:NKE)

Upside Potential: 36%

On June 30, UBS adjusted the price target for NIKE, Inc. (NYSE:NKE), raising it from $145 to $150 while maintaining a Buy rating on the stock. This upward revision suggests an optimistic view of the potential performance of NIKE, Inc. (NYSE:NKE)s shares. UBS believes the stock has room for further growth and considers it an attractive investment opportunity.

In its quarterly earnings report released on June 29th, NIKE, Inc. (NYSE:NKE) announced earnings of $0.66 per share for the quarter, slightly below analysts’ consensus estimates of $0.68 per share. However, it’s worth noting that NIKE, Inc. (NYSE:NKE) maintained a commendable return on equity of 35.98%, highlighting its strong market position. Additionally, the company achieved a net margin of 10.82%. NIKE, Inc. (NYSE:NKE) quarterly revenue amounted to $12.80 billion, surpassing the consensus estimate of $12.58 billion. This reflects a 4.9% increase compared to last year’s quarter, demonstrating the company’s ability to generate steady growth in its top line. These positive financial indicators indicate that NIKE, Inc. (NYSE:NKE) remains a robust and resilient player in the footwear industry.