BTIG Gives Nike (NKE) a Buy Rating

NIKE, Inc. (NYSE:NKE) is one of the 10 Best Dow Stocks to Buy According to Wall Street Analysts. On October 14, BTIG initiated coverage on NIKE, Inc. (NYSE:NKE), giving the stock a Buy rating and setting the price target at $100.

The firm named NIKE, Inc. (NYSE:NKE) as its top pick for 2026. BTIG said that the company has made solid progress in its recovery. However, the firm also noted that NIKE, Inc. (NYSE:NKE) still has a lot of work to do.

BTIG expects the company’s EPS to reach $1.70 for fiscal year 2026 and $2.75 for fiscal year 2027.

The research firm is confident that in the long term, NIKE, Inc. (NYSE:NKE) can go back to operating margins above 12%. BTIG also estimates that the company’s EPS could reach around $3.50 in fiscal year 2028 as the recovery continues.

NIKE, Inc. (NYSE:NKE) is an American multinational company that designs, manufactures, and markets athletic footwear, apparel, equipment, and accessories under its Nike, Converse, and Jordan brands.

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Disclosure: None. This article is originally published at Insider Monkey.