UBS has given Nike a 'Neutral' rating and set a price target of $73. The rating is based on insights from UBS's tenth global survey on sportswear. Analyst Jay Sole has pointed out significant short-term risks to market expectations for Nike's earnings per share.
The survey suggests that Nike has strong potential for recovery, thanks to the strong brand equity of Nike and Jordan. Nike shares are currently showing slight fluctuations across various exchanges, with prices around €73.60 in Tradegate and €76.94 on the NYSE. The stock has experienced a minor decline of 0.19% in Tradegate, while other exchanges like Düsseldorf and Stuttgart have reported slight increases.
The annual high for Nike shares is €99.69, with a low of €63.53, reflecting the stock's recent volatility.