Argus upgrades Nike to Buy with price target of $85

2025-07-01 16:15:00

Argus upgrades Nike (NYSE:NKE) to Buy from Hold, with a price target of $85, citing inventory normalization, improved e-commerce pricing, and brand dominance. Shares rose over 3% intra-day. Nike cleared excess inventory in fiscal 2025, strengthening product lineup and pricing power through direct-to-consumer channels. Analyst bullish on long-term prospects, expecting global growth and turnaround.