RBC Capital Reaffirms Their Hold Rating on Nike (NKE)
RBC Capital analyst Piral Dadhania maintained a Hold rating on Nike (NKE – Research Report) today and set a price target of $65.00. The company's shares closed today at $62.54.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Dadhania is an analyst with an average return of -5.7% and a 36.07% success rate. Dadhania covers the Consumer Cyclical sector, focusing on stocks such as Kering SA, adidas AG, and LVMH Moet Hennessy Louis Vuitton.
In addition to RBC Capital, Nike also received a Hold from TD Cowen's John Kernan in a report issued yesterday. However, on June 24, Evercore ISI maintained a Buy rating on Nike (NYSE: NKE).
Based on Nike's latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $11.27 billion and a net profit of $794 million. In comparison, last year the company earned a revenue of $12.43 billion and had a net profit of $1.17 billion
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
11 minutes ago
- Bloomberg
Nike Is Running Up That Tariff Hill
Faith Kipyegon's Nike Inc.-backed effort Thursday to become the first woman to shatter the four-minute mile fell short by six seconds. 'You have to dare to try,' said Nike Chief Executive Officer Elliott Hill, on the analysts' call following both the attempt in Paris and the company's fourth-quarter results.
Yahoo
18 minutes ago
- Yahoo
US stock futures rise on rate-cut hopes ahead of inflation data
(Reuters) -U.S. stock index futures climbed on Friday, putting the S&P 500 and the Nasdaq on track for record highs, as investors awaited a key inflation reading amid growing expectations of a dovish monetary policy from the Federal Reserve this year. Personal Consumption Expenditure data - the U.S. central bank's preferred inflation gauge - for May is due to be released at 08:30 a.m. ET and will be scrutinized for a better understanding of the Fed's interest-rate path as President Donald Trump's tariffs weigh on prices. As the ceasefire in the Middle East holds, investor focus has turned to the prospect of a dovish Fed after the Wall Street Journal reported that Trump has toyed with the idea of selecting and announcing Fed Chair Jerome Powell's replacement by September or October. A spate of economic data this week, including a weaker-than-expected first quarter GDP reading as well as jobless claims reaching multi-year highs, has supported the case for the Fed to cut borrowing costs this year. Traders now price in a 20% chance of a rate cut in July, compared with 12.5% last week, according to CME Group's FedWatch tool. At 05:25 a.m. ET, Dow E-minis were up 103 points, or 0.24%, S&P 500 E-minis were up 15 points, or 0.24%, and Nasdaq 100 E-minis were up 70.25 points, or 0.31% Nike's shares rose 9.6% in premarket trading after the retailer forecast a smaller-than-expected drop in first-quarter revenue. Retailer Lululemon Athletica rose 1.7% after Nike's results. The benchmark S&P 500 and the Nasdaq are on track for their best weekly performance in six weeks while the blue-chip Dow is set for a weekly advance, if gains hold. Adding to the upbeat mood, Washington reached an agreement with China on expediting rare earth shipments to the United States, a White House official said, days ahead of the July 9 deadline for Trump's "reciprocal" tariffs. Also on tap is the final reading of consumer sentiment for June, measured by the University of Michigan Surveys of Consumers, due at 10:00 a.m. ET. Remarks from New York Fed President John Williams, Cleveland Fed President Beth Hammack and Fed Board Governor Lisa Cook are expected later in the day.
Business Insider
21 minutes ago
- Business Insider
TD Cowen Sticks to Their Hold Rating for Merck & Company (MRK)
TD Cowen analyst Steve Scala maintained a Hold rating on Merck & Company (MRK – Research Report) yesterday. The company's shares closed yesterday at $78.83. Confident Investing Starts Here: According to TipRanks, Scala is a 4-star analyst with an average return of 6.2% and a 56.45% success rate. Scala covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Sanofi, and Elanco Animal Health. In addition to TD Cowen, Merck & Company also received a Hold from Citi's Geoff Meacham in a report issued on June 24. However, on June 18, Goldman Sachs maintained a Sell rating on Merck & Company (NYSE: MRK). The company has a one-year high of $132.29 and a one-year low of $73.31. Currently, Merck & Company has an average volume of 15.89M. Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRK in relation to earlier this year. Most recently, in April 2025, Dalton Smart, the SVP Fin. – Global Controller of MRK sold 4,262.00 shares for a total of $352,723.12.
