Guggenheim Reaffirms Buy Rating for NIKE, Inc. with $60 Target
Guggenheim maintains its bullish stance on NIKE, Inc., reiterating a buy rating and setting a $60 price target, a 46.16% upside from the current price.
Key Points
- Guggenheim reiterated its buy rating for NIKE, Inc. (NKE) on July 1, 2026, with a target price of $60.
- Guggenheim's $60 price target implies 46.16% upside from NIKE, Inc.'s ($NKE) current $41.05 share price.
- Shares of NKE traded around $41.05 on Wednesday, with a market cap of approximately $60.8 billion.
- NIKE, Inc. has a forward P/E of 17.5 and a 52-week range of $40.00 to $80.17, with a 4% dividend yield.
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Guggenheim has reiterated its buy rating for NIKE, Inc. (NYSE: NKE), setting a price target of $60. This reaffirmation by analyst Simeon Siegel was made on July 1, 2026. Shares of NIKE traded near $41.05 on Wednesday.
NIKE, Inc. Stock Up 3.7%
Shares of NYSE:NKE traded around $41.05 on Wednesday. NIKE 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 52-week low is $40.00, and its high is $80.17. The company has a 50-day moving average of $44.05 and a 200-day moving average of $57.78. NIKE's current ratio is 2.14, with a quick ratio of 1.24 and a debt-to-equity ratio of 79.33.
$NKE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent earnings report, NIKE reported revenue of $46.52 billion with a slight growth of 0.1%. The company's net margin was 4.8%, and it achieved a return on equity of 16%. Earnings per share were $2.10. The next earnings report is expected on June 30, 2026.
Dividend
NIKE offers a dividend rate of $1.64 per share, resulting in a 4% yield. The payout ratio is 77.62%.
Insider Buying and Selling at NIKE, Inc.
Recent insider activity at NIKE saw EVP Philip McCartney selling 17,398 shares at an average price of $46.18 under a Rule 10b5-1 plan on June 12, 2026. On June 10, EVP Venkatesh Alagirisamy sold 9,853 shares at $44.65, and Philip McCartney sold an additional 9,836 shares at the same price. Earlier, on April 13, CEO Elliott Hill bought 23,660 shares at $42.27.
Analysts Set New Price Targets
On July 1, 2026, Guggenheim maintained its buy rating for NIKE with a $60 price target. The same day, Barclays also gave a buy rating with a $52 target. Meanwhile, Stifel, Piper Sandler, and B of A Securities maintained hold ratings with targets of $45, $45, and $47, respectively. The consensus among 33 analysts is a buy, with an average price target of $55.22.
About NIKE, Inc.
NIKE, Inc., headquartered in Beaverton, Oregon, is a leading designer and seller of athletic and casual footwear, apparel, and equipment. It operates globally, offering products under several trademarks, including NIKE, Jordan, and Converse. The company, led by CEO Mr. Elliott J. Hill, employs around 77,800 people.
Bottom Line
Guggenheim's reiterated buy rating and $60 target reflect continued confidence in NIKE, Inc.'s growth potential. Investors often watch analyst ratings for insights, but it's important to remember that these ratings are just one piece of the puzzle. NIKE's recent earnings and market performance provide a snapshot of its financial health and potential trajectory.
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