Reported about 1 month ago
Analyst Jim Duffy from Stifel highlights that Nike is facing increasing competition as the back-to-school shopping season unfolds. Consumer preferences are shifting, leading to a significant drop in Nike's market share from 88% to 61% in a year. Duffy maintains a Hold rating with a price target of $79 per share, noting that Nike's recovery will depend on introducing innovative products to compete effectively against rival brands.
Source: YAHOO