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Analysts Are Bullish on Top Consumer Cyclical Stocks: Nike (NKE), Ferrari (RACE)

Tipranks - Thu Apr 2, 5:54AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Nike (NKE), Ferrari (RACE) and RH (RH) with bullish sentiments.

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Nike (NKE)

In a report released yesterday, Robert Drbul from BTIG maintained a Buy rating on Nike, with a price target of $75.00. The company’s shares closed last Tuesday at $52.82.

According to TipRanks.com, Drbul is a 4-star analyst with an average return of 4.8% and a 52.4% success rate. Drbul covers the NA sector, focusing on stocks such as Columbia Sportswear, Levi Strauss & Co, and Burlington Stores. ;'>

Nike has an analyst consensus of Moderate Buy, with a price target consensus of $69.00, a 32.9% upside from current levels. In a report issued on March 16, Barclays also upgraded the stock to Buy with a $73.00 price target.

See today’s best-performing stocks on TipRanks >>

Ferrari (RACE)

Berenberg Bank analyst Michael Filatov maintained a Buy rating on Ferrari today and set a price target of EUR381.00. The company’s shares closed last Tuesday at $338.45.

According to TipRanks.com, Filatov has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -23.1% and a 27.7% success rate. Filatov covers the NA sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Continental Aktiengesellschaft, and Mobileye Global, Inc. Class A. ;'>

Currently, the analyst consensus on Ferrari is a Strong Buy with an average price target of $447.14, which is a 36.3% upside from current levels. In a report issued on March 20, TipRanks – Google also upgraded the stock to Buy with a EUR311.00 price target.

RH (RH)

Wells Fargo analyst Zachary Fadem maintained a Buy rating on RH yesterday and set a price target of $180.00. The company’s shares closed last Tuesday at $139.82.

According to TipRanks.com, Fadem is a 4-star analyst with an average return of 5.8% and a 56.1% success rate. Fadem covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RH with a $180.83 average price target, implying a 33.3% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $240.00 price target.

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