RBC Upgrades Nike, Sees 25% Upside

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RBC Capital Markets upgraded Nike (NKE) shares to Outperform, raising its price target from $76 to $90, implying roughly 25% upside.

Analysts cited:

Stronger-than-expected revenue recovery

Revamped leadership team

Improved product offerings

RBC expects Nike’s revenue growth to accelerate in FY2026, boosted by new product launches and the commercial opportunities presented by the 2026 FIFA World Cup.