Nike to see 'quick sentiment boost' from new CEO: Analyst

Oct 11, 2024 · Ahead of Elliott Hill taking over as Nike (NKE) CEO this Monday, Truist upgrades Nike to Buy from a Hold rating and raises its price target for the stock to $97 per share from $83. Truist analyst ...

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Nike To See 'quick Sentiment Boost' From New CEO: Analyst

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Why Nike Is On The Verge Of A Massive Comeback Rally

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4 days ago · Shares of athleisure giant Nike Inc. NYSE: NKE shares have been in a steep decline for more than 2 years, shedding a staggering 60% from their all-time high in late 2021. As we …

marketbeat.com

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Nike Stock: Ready To Slingshot Higher As New CEO Takes The Helm

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Oct 14, 2024 · News of former Nike CEO Elliott Hill's return, announced on Sept. 19, 2024, surged the stock 12.6% in the following days, peaking at $90.62 before falling back down to the …

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Nike CEO Change Has Wall Street Skeptical - Quartz

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Sep 20, 2024 · Jefferies (JEF +0.69%) analyst Randal Konik echoed these sentiments. He said that news of Hill returning as CEO “has been positively received by the market, indicating …

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In With The New: Is Nike Stock A Buy After CEO Change?

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Oct 1, 2024 · At the same time, analysts believe Nike will grow earnings by an average of 12% annually over the next three to five years. In other words, 2024 is a reset year for Nike before …

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Nike Shares Slide As Sales Slump. Can The New CEO Help The Stock ...

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Oct 6, 2024 · Let's take a closer look at Nike's most recent quarterly results and see if its new CEO can implement a plan to help the stock rebound. ... falling short of the $11.65 billion …

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FAQs about Nike to see 'quick sentiment boost' from new CEO: Analyst Coupon?

Will Nike change its CEO?

Image: Jean Catuffe (Getty Images) In a big shakeup, Nike is set to change its CEO, a move that has sparked both optimism and skepticism from Wall Street. As current CEO John Donahoe steps down and longtime veteran Elliott Hill takes the reins, some analysts view the change as a positive development. ...

Does Smart Money agree with Nike's new CEO?

Also, a few days after Hill’s appointment as Nike’s new CEO, he has already started taking positive steps towards rebuilding relationships with retail partners, having held meetings with major retailers such as Dick’s, JD Sports, Foot Locker. Finally, it looks like smart money agrees with us. ...

Why did Nike outperform earnings expectations?

Hutchinson highlights that Nike outperformed earnings expectations with strong margins, which suggests a solid operational foundation. Despite a temporary pullback in guidance and postponement of the Investor Day, Hutchinson perceives Nike’s new CEO as an opportunity for the company to recalibrate strategies and reduce the risk of sales misses. ...

Will the Paris Olympics boost Nike's shares?

Nike's shares are up more than 10% since Hill was named CEO, recouping some losses after the stock hit its worst day ever in June. Investors will also watch out for any boost from the Paris Olympics. ...

Will Nike's new CEO reduce risk of sales misses?

Despite a temporary pullback in guidance and postponement of the Investor Day, Hutchinson perceives Nike’s new CEO as an opportunity for the company to recalibrate strategies and reduce the risk of sales misses. The lowered price objective reflects a cautious yet optimistic valuation, considering current market trends and earnings projections. ...

Is Nike still a market leader?

With rivals including Adidas, Hoka (DECK), Skechers, and Under Armour continuously innovating and capturing market share, Nike’s ability to maintain its status as a market leader is under scrutiny. As Hill steps into his new role on October 14, the stakes are high. ...