Previous close | 51.02 |
Open | 51.02 |
Bid | 50.55 |
Ask | 51.25 |
Strike | 70.00 |
Expiry date | 2023-04-21 |
Day's range | 51.02 - 51.02 |
Contract range | N/A |
Volume | |
Open interest | 78 |
The stock market has been very volatile lately; stocks are soaring one day and plummeting the next. Sporting apparel company Nike (NYSE: NKE) has held its own; shares are down just 10% over the past year. Nike may be a proven winner, but that doesn't make it a buy today.
The average brokerage recommendation (ABR) for Nike (NKE) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Barclays upgraded Nike (NYSE:NKE) to Overweight from Equalweight and raised its price target to $154.00 from $110.00 on its belief in a high probability of margin upside. The company reported its Q3 earnings results on Tuesday, which, according to Barclays, demonstrated the company’s “broad-based brand strength in spite of a weakening consumer macro backdrop.” Q3 EPS came in at $0.79, better than the consensus estimate of $0.55.