Nike Price Target Maintained at $45 Despite Undervaluation

Nike Inc (NKE) received an update from RBC Capital on October 3, 2023, maintaining its 'Sector Perform' rating and a price target of $45.00.

This assessment suggests that while Nike is not expected to outperform the market, it remains a stable investment within the consumer cyclical sector.

The GF Value calculation indicates that NKE's intrinsic value is $73.05, signifying a 46.2% undervaluation based on its current price of $39.28.

Nike's GF Score of 63 reflects a moderate level of overall performance, with strengths in profitability and weaknesses in growth and momentum.