.August 28, 2024 11:26:09 AM

The consensus price target for NIKE (NYSE:NKE) has been revised downwards from $106.04 to $86.00, reflecting changing analyst sentiment. Despite this, NIKE has seen a 15% price jump in the past month, with Morgan Stanley setting a bullish price target of $192. Billionaire fund managers Bill Ackman and David Einhorn have shown interest in NIKE, signaling confidence in its strategic positioning within the $358 billion athletic wear market.