Nike Earnings Spark Trade Call

25 days ago

Nathan Hager / Bloomberg's Kriti Gupta

"Nike shares are really flying off the charts here. NKE, if you're a taker, trading about $72 a share and change, higher by about 4% in the pre-market. Off the back of those earnings, a series of price target upgrades. I think this one's really crucial here because the street high, at least according to Bloomberg consensus, is about $120 a share."

The discussion highlights a clear trade call for Nike (NKE). With strong earnings, expanded turnaround plans, and multiple price target upgrades from major institutions, the commentary suggests a bullish position on Nike, which is trading around $72 with an implied target near $120.

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