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Nike Now Offers Double-Digits Upside: Vetr

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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

DateFirmActionFromTo
Jul 2017Morgan StanleyUpgradesEqual-WeightOverweight
Jul 2017NeedhamInitiates Coverage OnHold
Jul 2017NomuraMaintainsBuy

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

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