Nike (NKE) Expects To Hit $50B In Revenue Next Year

Nike (NKE) had a broad based beat on revenues and margins, says Simeon Siegel of BMO Capital Markets. Nike is raising an impressive multi-year model algorithm, he adds. He points out that digital growth continues and wholesale returns. BMO has an outperform on Nike and raises its price target from $160 to $174.

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Nike (NKE) Expects To Hit $50B In Revenue Next Year

Nike (NKE) had a broad based beat on revenues and margins, says Simeon Siegel of BMO Capital Markets. Nike is raising an impressive multi-year model algorithm, he adds. He points out that digital growth continues and wholesale returns. BMO has an outperform on Nike and raises its price target from $160 to $174.

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Market Overtime
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