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BTIG’s Bullish Stance on Nike (NKE) Supported by Progress on Turnaround and Innovation Drive

Nike Inc. (NYSE:NKE) is one of the best stocks to buy according to Citadel LLC. On October 15, BTIG’s Consumer Retail analyst Robert Drbul initiated coverage of the company, assigning a Buy rating and a $100 price target. The analyst also named Nike as “Top Pick for 2026”, which indicates his strong confidence in the stock.

Photo by Paul Steuber on Unsplash

Drbul was encouraged by Nike’s progress on its turnaround efforts; however, he still believes that there is a lot more ground to cover. For his model, the analyst now pencils in EPS projections of $1.70 and $2.75 for FY26 and FY27, respectively. With the new leadership in place, the analyst believes the company could achieve EPS of $3.50 in FY28 and see its long-term operating margin inch towards 12% or more.

Separately, on October 23, Nike Inc. (NYSE:NKE) said that it is currently testing the world’s first powered footwear system for running and walking, which it called ‘Project Amplify’. The company is collaborating with bionic footwear company Dephy to develop the product, which will feature a battery-charged motor. While the product is still some years away from reaching customers, such innovations will be crucial for Nike’s turnaround and for regaining lost market share in recent years.

Nike Inc. (NYSE:NKE) designs, develops, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company is the world’s largest seller of athletic footwear and apparel.

While we acknowledge the risk and potential of NKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NKE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Goldman Sachs Defense Stocks: Top 10 Stocks to Buy and  13 Best Tech Stocks Under $10 to Invest In.

Disclosure: None. This article is originally published at Insider Monkey.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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