Nike Now Offers Double-Digits Upside: Vetr
Shares of Nike Inc (NYSE: NKE) lost about 6 percent of their value in the past month. The Vetr crowd seems to believe this has unlocked some room for upside, as evidenced by its average price target of $57.56, which implies a potential return of 11.3 percent from current valuations.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Seeking to better reflect the aforementioned upside potential, the Vetr community upgraded its rating on shares of Nike on Wednesday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.
It should be noted that, pretty much in accordance with the current score and price target, 79 percent of the crowd’s ratings are bullish.
Latest Ratings for NKE
|Jan 2017||CLSA||Initiates Coverage On||Underperform|
|Jan 2017||Atlantic Equities||Initiates Coverage On||Overweight|
|Dec 2016||Cowen & Co.||Downgrades||Outperform||Market Perform|
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