SPY312.23+1.71 0.55%
DIA258.42+1.11 0.43%
IXIC10,207.63+53.00 0.52%

Why Nike's Stock Is Trading Higher Today

Nike, Inc (NYSE: NKE) shares are trading higher ahead of the company's earnings report on Thursday. On Monday, analysts at multiple firms raised their price targets on the stock. UBS maintained a Buy rating and raised its price target from $114 to $122.

Benzinga · -

Nike, Inc (NYSE:NKE) shares are trading higher ahead of the company's earnings report on Thursday. On Monday, analysts at multiple firms raised their price targets on the stock.

UBS maintained a Buy rating and raised its price target from $114 to $122.

Piper Sandle maintained an Overweight rating and raised its price target from $96 to $112.

JPMorgan maintained an Overweight rating and raised its price target from $91 to $104.

See Also: Nike Analysts On Muted Q4 Expectations: 'The Most Significant Impact From COVID-19'

Nike, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide.

Nike's stock is trading up 3.15% at $98.80 per share on Monday at the time of publication. The stock has a 52-week high of $105.62 and a 52-week low of $60.00.