One analyst predicts Nike stock could increase by 60%, making it a potential buy now.

From NASDAQ.: 2025-07-01 04:35:00

Nike (NYSE: NKE) stock has been struggling but just reported strong earnings, with one analyst predicting a 60% increase. The company is working on partnerships, innovation, and returning to its sports roots under a new CEO. While sales were down, Wall Street was impressed with the progress.

Despite recent challenges, Nike remains the industry leader with a wide lead over competitors. While some rivals are performing better, Nike is still the favorite shoe brand among teens. Several Wall Street analysts have upgraded their price targets for Nike, making it an attractive investment option.

Investors should consider Nike for its potential turnaround and dividend yield. The company is making progress under a new CEO, widening its reach through partnerships, and reestablishing its brand. While Nike has faced setbacks, it remains a strong contender in the market with room for growth.

The Motley Fool’s Stock Advisor team did not include Nike in their top 10 stocks to buy now, but the company’s potential for growth shouldn’t be overlooked. With a history of outperforming the market, Nike could be a valuable addition to a long-term investment portfolio. Consider the company’s progress and market positioning before making a decision.



Read more at NASDAQ.: Nike Stock Could Soar 60%, According to 1 Wall Street Analyst. Is It a Buy Now?