1 Wall Street Analyst Thinks Nike Stock Is Going to $95. Is It a Buy?

Shares of Nike (NYSE: NKE) are trading 57% below their previous peak due to weak financial performance in the past few years. Retail traffic was still a challenge for the leading athletic wear brand in the most recent quarter, but some analysts see a buying opportunity ahead of its turnaround.BMO Capital analyst Simeon Siegel maintained an outperform (buy) rating on the stock. The analyst also raised the firm's price target from $92 to $95, implying 27% upside over the current $75 share price.Still, it's questionable whether Nike will see enough improvement in the near term to send its shares higher. Here's what investors should expect from the stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool