Citigroup Adjusts NIKE’s Outlook: Analysts Predict Significant Growth
Fintel reports that on February 7, 2025, Citigroup downgraded their outlook for NIKE (XTRA:NKE) from Buy to Neutral.
Analyst Forecast Indicates 22.30% Upside Potential
As of January 29, 2025, the average one-year price target for NIKE stands at 85,05 €/share. Projections vary from a low of 47,99 € to a high of 119,73 €. This average target suggests a possible increase of 22.30% from its most recent closing price of 69,54 € / share.
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NIKE’s Revenue and EPS Projections
The expected annual revenue for NIKE is 59,373MM, reflecting a growth of 21.22%. The projected non-GAAP EPS is 4.78.
Fund Sentiment Overview
Currently, 3,223 funds and institutions report holdings in NIKE, marking a decrease of 101 owners or 3.04% from the previous quarter. The average portfolio weight of all funds in NKE is 0.35%, which has increased by 3.37%. Over the last three months, total shares owned by institutions rose slightly by 0.10% to 1,088,636K shares.
The Vanguard Total Stock Market Index Fund Investor Shares holds 38,088K shares, which equates to 3.22% ownership. In a previous filing, they reported ownership of 38,267K shares, indicating a decrease of 0.47%. However, their portfolio allocation in NKE increased by 9.65% over the last quarter.
Meanwhile, the Vanguard 500 Index Fund Investor Shares owns 31,468K shares, representing 2.66% ownership. Their prior filing showed 31,092K shares, reflecting an increase of 1.19% and a 9.24% boost in portfolio allocation in NKE over the last quarter.
Wellington Management Group LLP holds 27,442K shares, or 2.32% ownership. Their last report indicated ownership of 26,099K shares, a notable increase of 4.89%. Their portfolio allocation in NKE rose by 20.99% in the last quarter.
Geode Capital Management possesses 25,029K shares, translating to 2.12% ownership. Previously, they reported owning 24,778K shares, an increase of 1.00%, signaling a 9.23% rise in their portfolio allocation in NKE last quarter.
Furthermore, Capital World Investors has 22,257K shares, representing 1.88% ownership. Their previous filing indicated ownership of 5,729K shares, marking a substantial increase of 74.26%. They have also raised their portfolio allocation in NKE by an impressive 333.25% over the last quarter.
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This story originally appeared on Fintel.
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