Oppenheimer Reiterates Buy Rating on NIKE, Inc. (NKE)
Oppenheimer has reaffirmed its buy rating on NIKE, Inc. with a $60 price target, a 44.65% upside from the current price.
Key Points
- Oppenheimer maintained its buy rating on NIKE, Inc. (NYSE:NKE) with a price target of $60 on June 26, 2026.
- Oppenheimer's $60 price target implies 44.65% upside from NIKE, Inc.'s ($NKE) current $41.48 share price.
- Shares of NIKE traded near $40.9 on Friday, with a market cap of about $60.57 billion and a P/E ratio of 26.91.
- Analyst consensus remains a buy, with a mean target price of $58.13 from 34 opinions.
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Oppenheimer has reiterated its buy rating on NIKE, Inc. (NYSE:NKE), maintaining a price target of $60. This update from analyst Brian Nagel came on June 26, 2026, underscoring continued confidence in the athletic apparel giant's prospects.
Oppenheimer vs. the S&P 500
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Analysts Set New Price Targets
On June 26, 2026, Oppenheimer maintained its buy rating on NIKE, Inc. with a price target of $60. BTIG also maintained a buy rating the day before, setting a target of $55. Meanwhile, Goldman Sachs and Evercore ISI Group both maintained a hold rating on June 23, with a target of $46. The analyst consensus for NIKE remains a buy, with an average target price of $58.13 from 34 analysts.
NIKE, Inc. Stock Up 4.7%
Shares of NIKE traded near $40.9 on Friday. The company has a market capitalization of approximately $60.57 billion and a P/E ratio of 26.91. Its forward P/E is slightly lower at 22.67, indicating expectations of earnings growth. NIKE's stock has a 52-week low of $40.44 and a high of $80.17, with a 50-day moving average of $44.23 and a 200-day moving average of $58.11. The company's beta is 1.116, suggesting moderate volatility compared to the market.
$NKE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at NIKE, Inc.
Recent insider transactions at NIKE include planned sales by EVP: Chief Innovation, Product & Design Officer Philip McCartney, who sold 17,398 shares on June 12, 2026, at an average price of $46.18. On June 10, 2026, EVP: Chief Operating Officer Venkatesh Alagirisamy sold 9,853 shares at $44.65, and Philip McCartney sold an additional 9,836 shares at the same price. Earlier, on April 13, 2026, President & CEO Elliott Hill purchased 23,660 shares at $42.27.
About NIKE, Inc.
NIKE, Inc. is a leading global brand in athletic and casual footwear, apparel, and equipment. Based in Beaverton, Oregon, the company designs, markets, and sells products under various trademarks including NIKE, Jordan, and Converse. With over 77,800 employees, NIKE serves customers worldwide through retail stores, digital platforms, and wholesale distributors. Founded in 1964, the company has built a strong presence in North America, Europe, and other key markets.
Bottom Line
Oppenheimer's reaffirmation of its buy rating on NIKE, Inc. with a $60 target price highlights confidence in the company's future. Investors often track such analyst updates to gauge market sentiment and potential stock performance. As always, these ratings reflect past analysis and may not represent current market conditions.
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