Tag: NKE

  • Weakness in Nike is a Buy Opportunity

    Weakness in Nike is a Buy Opportunity

    Weakness in an opportunity in Nike (NKE). The company just cut its revenue forecast, now expecting for FY25 sales to be down mid-single-digits with sales in the first half of the year down by high-single-digits. For Q1, the company is expecting revenue to drop 10% with gross margin in line with its full-year guidance. Analysts then piled…

  • Use Weakness as Opportunity with Nike Pullback

    Use Weakness as Opportunity with Nike Pullback

    Keep an eye on Nike (NKE). After pulling back from $174 to $145, the stock appears to have bottomed out, and could refill its bearish gap around $161, near-term.  Helping, Goldman Sachs just initiated a buy rating on the stock with a price target of $172. “The analyst sees a ‘healthy industry backdrop with a…