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-0.000179275726066655 0.000179275726066655 -0.00035855145213331 -8.42595912513393E-05 -0.00322696306920043 -0.00412334169953383 -0.00591609896020076 -0.00501972032986736
Stock impact report

Nike's Stock Gets an Upgrade. Barclays Says It's Likely Reached a 'Fundamental Bottom.' [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
The analysts pointed to progress in the athletic apparel maker's turnaround, and suggested its earnings may have bottomed. Nike's stock could soon be due for a rebound, according to analysts at Barclays. Barclays analysts upgraded Nike's ( NKE ) stock to "overweight" Wednesday and lifted their price target to $73 from $64, anticipating a turnaround from its recent slump. The shares slipped less than 1% to close just under $56 Wednesday, leaving them down nearly 25% over the past 12 months. The analysts said they believe investors may have reached "peak skepticism" as Nike's financials hit a "fundamental bottom." Nike's "recent operational progress, financial inflections, and management's disciplined actions" could point to a coming reset, they said. Why This Matters to Investors Nike replaced its CEO in late 2024 , amid declining sales and growing competition from other brands. The upgrade from Barclays could be taken as a vote of confidence in the company's turnaround. B Show less Read more
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