Why Nike Stock Jumped 17% in June
(NYSE: NKE) stock jumped 17% in June, according to data from S&P Global Market Intelligence. The market was happy with its latest quarterly update, and investors see a path toward a rebound.
Nike has had an awful few years, as its problems have evolved from supply chain issues to inflation to losing an edge in sports. It's cycled through several CEOs as it tries to work itself back up, and it's landed on veteran Elliott Hill, who may finally be making the decisions the company needs to turn around.
Last month, the company reported earnings for the fiscal 2025 fourth quarter, which ended May 31, and although they weren't great, they were better than expected, which usually is enough to generate a thumbs-up from the market. They also demonstrated the kind of progress investors want to see to boost confidence that it can achieve the rebound.
Source Fool.com
Nike Inc. B Stock
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As a result the target price of 74 € shows a positive potential of 28.25% compared to the current price of 57.7 € for Nike Inc. B.
