Bernstein Reiterates Buy Rating on NIKE, Inc. with $72 Target
Bernstein maintains its buy rating on NIKE, Inc., setting a price target of $72, a 75.40% upside from the current price.
Key Points
- Bernstein reiterated its buy rating on NIKE, Inc. (NKE) with a price target of $72 on July 1, 2026.
- Bernstein's $72 price target implies 75.40% upside from NIKE, Inc.'s ($NKE) current $41.05 share price.
- NIKE, Inc. shares traded near $41.05 on Wednesday, with a market cap of about $60.8 billion and a P/E ratio of 19.5.
- Several analysts, including Citigroup and Guggenheim, maintained their ratings, with targets ranging from $40 to $72.
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On July 1, 2026, Bernstein reiterated its buy rating on NIKE, Inc. (NYSE: NKE) with a price target set at $72. This announcement came as NIKE's shares traded around $41.05 on Wednesday.
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Other Institutional Activity in NIKE, Inc.
Several major funds adjusted their holdings in NIKE, Inc. BlackRock, Inc. reduced its stake by 357,595 shares, leaving it with 91,798,963 shares valued at about $4.85 billion, a slight 0.4% decrease. Vanguard Capital Management LLC opened a new position with 77,369,961 shares worth approximately $4.09 billion. State Street Corp increased its holdings by 230,755 shares, bringing its total to 59,546,361 shares valued at $3.17 billion, marking a 0.4% increase. Capital World Investors added 1,407,411 shares, resulting in 50,477,362 shares worth $2.67 billion, a 2.9% increase. Wellington Management Group LLP significantly boosted its position by 6,579,523 shares, ending with 38,352,243 shares valued at $2.03 billion, a 20.7% increase.
NIKE, Inc. Stock Up 3.7%
Shares of NYSE:NKE traded near $41.05 on Wednesday. NIKE, Inc. has a market cap of approximately $60.8 billion and a P/E ratio of 19.5, with a forward P/E of 17.5. The stock's beta is 1.116, indicating moderate volatility. Over the past year, it has ranged from a low of $40.00 to a high of $80.17. The stock's 50-day moving average is $44.05, while the 200-day moving average is $57.78. The company maintains a strong liquidity position with a current ratio of 2.139 and a quick ratio of 1.239, alongside a debt-to-equity ratio of 79.333.
$NKE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest earnings report, NIKE, Inc. posted a revenue of $46.52 billion, with a marginal growth rate of 0.1%. The company's net margin stood at 4.84%, and it achieved a return on equity of 16.02%. Earnings per share were $2.10. The next earnings report is expected on June 30, 2026.
Dividend
NIKE, Inc. offers an annual dividend rate of $1.64, providing a yield of 4.0%. The dividend payout ratio is 77.62%.
Insider Buying and Selling at NIKE, Inc.
Recent insider activity at NIKE, Inc. includes several planned sales. On June 12, 2026, Philip McCartney, the EVP and Chief Innovation, Product & Design Officer, sold 17,398 shares at an average price of $46.18 under a pre-arranged plan. Additionally, on June 10, 2026, Venkatesh Alagirisamy, EVP and Chief Operating Officer, sold 9,853 shares at $44.65. On the same day, Philip McCartney also sold 9,836 shares at $44.65. Earlier, on May 14, 2026, Mark Parker, Executive Chairman, sold 22,230 shares, though the price was not specified. Conversely, Elliott Hill, President and CEO, bought 23,660 shares at $42.27 on April 13, 2026.
Analysts Set New Price Targets
On July 1, 2026, several analysts maintained their ratings on NIKE, Inc. Bernstein reiterated a buy rating with a $72 target. Citigroup, Stifel, and Piper Sandler all maintained hold ratings with targets of $45. Guggenheim also maintained a buy rating, setting a target at $60. Barclays maintained a buy rating with a target of $52. The consensus among 33 analysts is a buy recommendation, with an average price target of $55.22.
About NIKE, Inc.
NIKE, Inc., headquartered in Beaverton, Oregon, is a leading player in the consumer cyclical sector. It designs, develops, and sells athletic and casual footwear, apparel, and accessories globally. With well-known brands like NIKE, Jordan, and Converse, the company reaches markets across North America, Europe, Asia, and Latin America. NIKE, Inc. employs around 77,800 people and is led by President and CEO Elliott J. Hill.
Bottom Line
Bernstein's reiteration of a buy rating with a $72 target for NIKE, Inc. reflects continued confidence in the company's potential. Investors watching NIKE should note the firm's strong market position and financial metrics. However, it's important to remember that analyst ratings are based on projections and can change as new information becomes available.
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