15 Best Large-Cap Value Stocks to Buy in 2025

9. NIKE, Inc. (NYSE:NKE)

Analyst Upside as of January 20, 2025: 30%

Number of Hedge Fund Holders: 75

NIKE, Inc. (NYSE:NKE) is an athletic footwear and apparel company, with a market share of almost 35% in the sports footwear category in the United States. In December, the company signed major agreements with sports organizations such as the Brazilian Football Confederation and the Uruguayan Football Association. NIKE, Inc. (NYSE:NKE) also launched new exclusive shoes in collaboration with major players. These key branding strategies and partnerships allow NKE to establish a strong footing in the industry.

NIKE’s turnaround strategy is the talk of the town. Like NKE’s successful comebacks, analysts are expecting the footwear company to change the game yet again. On January 11, Anna Andreeva, an analyst at Piper Sandler upgraded NIKE, Inc. (NYSE:NKE) to overweight and raised her price target to $90, up by 25%, due to the company’s ability to make a successful comeback each time historically. She expects the stock to become profitable within three to four quarters, especially with its turnaround strategy enforced. She also added that the company’s growth strategy heavily depended on its full-price and off-price sales in its direct-to-consumer digital strategy.

Overall, Andreeva expects that margin growth for the fiscal year 2026 will be driven by selling prices, minimal discounting, and stronger margins from the Nike Direct and Converse segments. 75 hedge funds held stakes in NIKE, Inc. (NYSE:NKE) at the close of Q3 2024.