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Analyst Predicts Nike's Stock to Double in Near Future

2015-10-19 10:33:33| Footwear - Topix.net

Nike's relevance continues unabated well into the fourth quarter of 2015 with recent news of Nike's market cap surpassing $100 billion USD, as well as CEO Mark Parker's confident appraisal at the brand's 2015 Investor Day of its ability to deliver $50 billion USD by the end of fiscal year 2020. He's not alone in his bullish predictions for the brand, with Evercore ISI analyst Omar Saad publishing a research note on Sunday that names Nike as the next "mega-cap juggernaut," thus upping his price target for Nike stock from $150 USD to $200 USD - it currently trades on the NYSE for $130 USD.

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