"Nike's Stock Soars Ahead of Paris Olympics and 2024 Catalysts, Analysts Say Buy Now"
TL;DR
Nike stock rose after receiving an upgrade from BofA Securities, with the upcoming Paris Olympics cited as a catalyst. The company's estimates are seen as achievable, and its stock multiple had compressed during a recent pullback. Nike recently announced plans to reduce its workforce as part of a cost-cutting effort. The stock is trading around its lows from September, and other footwear stocks were mixed on Thursday.
- Nike Stock Jumps On Upgrade As Estimates 'Finally Look Achievable' Ahead Of Paris Olympics Investor's Business Daily
- Nike’s Valuation Looks “Compelling.” BofA Says Buy Now. Barron's
- Nike's one biggest catalyst for 2024: Analyst explains Yahoo Finance
- Analyst unveils new Nike price target ahead of big summer for sports TheStreet
- The bar is finally low enough for Nike, analyst says. These big events could help the stock this year Morningstar
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