Nike (NKE) Enters $1B 364-Day Credit Facility
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Here's why Nike's (NKE) DTC strategy hasn’t met investor expectations so far
March 12, 2024 5:00 PM EDTAnalysts at UBS aimed to explain why Nike's (NYSE: NKE) direct-to-consumer strategy (DTC) hasn't met Wall Street expectations in a note Tuesday, saying they believe the sportswear giant has tried to grow the business too fast.
The firm, which has a Buy rating and $138 price target on Nike, acknowledged that Nike's last earnings report was... More
UBS Constructive on Nike (NKE), 'Sentiment is likely more bullish than the market realizes'
March 12, 2024 12:27 PM EDTUBS analyst Jay Sole reiterated a Buy rating and $138.00 price target on Nike (NYSE: NKE).
The analyst comments "We doubt Nike's 3Q report changes sentiment or sell-side EPS estimates much: Our work suggests Nike's 3Q24 fundamentals are lackluster, but probably in-line with sell-side expectations. We don't anticipate Nike changes its FY24 guidance or gives an initial view of FY25. Thus, we expect Nike's report to... More
