Nike a ‘Franchise Pick’ at Jefferies, Firm Reaffirms Price Target on Stock (NYSE:NKE)
Nike’s stock (NYSE:NKE) is in focus today as Jefferies added NKE to its “Franchise Picks List,” signaling confidence in the athletic apparel giant’s recovery by reaffirming a $115 price target. The firm’s bullish outlook contrasts with recent market headwinds, suggesting a potential undervaluation of Nike’s long-term prospects.
Jefferies highlights that holiday order books are already showing year-over-year growth, hinting at strong consumer demand despite broader economic uncertainties. The firm anticipates Nike achieving a clean inventory position by the first half of 2026, which would alleviate margin pressures and set the stage for improved profitability. Their FY27 EPS forecast for Nike is notably above consensus estimates,…
