- Nike (NKE, Financial) faces challenges due to substantial tariffs affecting its supply chain.
- Analysts provide an optimistic price target with strong upside potential.
- Current analyst sentiment indicates an "Outperform" status for Nike.
Nike Inc. (NKE) is currently navigating notable supply chain disruptions, primarily driven by a hefty 46% tariff imposed by the United States on Vietnamese imports. This situation poses a significant challenge as Vietnam is pivotal in Nike's manufacturing, contributing to 95% of its footwear production across Asia. With these rising costs, CEO Elliott Hill is tasked with devising strategies to mitigate the financial impact.
Analyst Price Target Forecast
In examining the one-year price targets set by 35 seasoned analysts, the average target for Nike Inc. (NKE, Financial) stands at $79.72. This target suggests an upside potential of 38.28% from its current trading price of $57.65. The projections range from a high of $120.00 to a low of $40.00. For a deeper dive into these estimates, visit the Nike Inc (NKE) Forecast page.
Brokerage Recommendations
The consensus from 40 brokerage firms places Nike Inc.'s (NKE, Financial) average recommendation at 2.4, signaling an "Outperform" status. This rating is derived from a scale of 1 to 5, with 1 indicating a Strong Buy and 5 denoting a Sell. Such a position suggests continued investor confidence in Nike's market performance.
GuruFocus GF Value Estimation
According to GuruFocus estimates, Nike Inc. (NKE, Financial) is projected to reach a GF Value of $96.40 within the year. This represents a substantial upside of 67.22% from the current price of $57.65. The GF Value metric indicates GuruFocus' perspective on the stock's intrinsic value, calculated through historical trading multiples, past growth metrics, and future business performance forecasts. For comprehensive data metrics, please refer to the Nike Inc (NKE) Summary page.
