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Bernstein Keeps Their Buy Rating on Nike (NKE)

Tipranks - Tipranks - Sat Apr 11, 2:02PM CDT

Bernstein analyst Aneesha Sherman maintained a Buy rating on Nike yesterday and set a price target of $80.00.

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Sherman covers the Consumer Cyclical sector, focusing on stocks such as Nike, On Holding AG, and Deckers Outdoor. According to TipRanks, Sherman has an average return of 2.7% and a 45.36% success rate on recommended stocks.

In addition to Bernstein, Nike also received a Buy from DZ BANK AG’s Katharina Schmenger in a report issued on April 2. However, today, Piper Sandler downgraded Nike (NYSE: NKE) to a Hold.

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Based on Nike’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $11.28 billion and a net profit of $520 million. In comparison, last year the company earned a revenue of $11.27 billion and had a net profit of $794 million

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