1 Wall Street Analyst Thinks Nike Stock Is Going to $115. Is It a Buy Around $77?

There are bulls and there are bulls behind certain high-profile stocks on the exchange. As February began to melt into March, one analyst became suddenly, and extremely, positive about Nike's (NYSE: NKE) future, to the point where he flagged the stock as having 50% upside potential. That's an awfully high number for such an established business; let's determine if it's realistic.On the last Monday of the month, Jefferies analyst Randal Konik upgraded his recommendation on Nike stock to buy from his previous hold. More dramatically, he made a serious lift to his price target, sending it on a rocket to $115 per share from the comparatively modest level of $75. According to reports, Konik's new view of the athletic shoe and apparel specialist is based to no small degree on its leadership. He wrote in his update that recently installed CEO Elliott Hill is effectively managing some of the company's most pressing problems, including challenges in its distribution system.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool