Analysts Are Cutting Price Targets of These 5 Stocks

01. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 81

Jonathan Komp, an analyst at Baird, reiterated his positive outlook on NIKE, Inc. (NYSE:NKE) as of July 3. However, there has been a revision to the price target, which has been adjusted from $138 to $130. The adjusted price target reflects Komp’s revised expectation for the stock’s future value.

NIKE, Inc. (NYSE:NKE) released its quarterly earnings report on June 29th, revealing earnings of $0.66 per share for the quarter. Although this figure fell slightly below analysts’ consensus estimates of $0.68 per share, it is important to note that NIKE, Inc. (NYSE:NKE) maintained an impressive return on equity of 35.98%, which highlights its strong position in the market. Furthermore, the company achieved a net margin of 10.82%, indicating its ability to generate profit from its operations. In terms of revenue, NIKE, Inc. (NYSE:NKE) reported quarterly revenue of $12.80 billion, surpassing the consensus estimate of $12.58 billion. This represents a 4.9% increase compared to last year’s quarter, underscoring the company’s consistent growth in its top line.

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