Nike shares specified for transformation? The best analyst calling for “aggressive purchase” amid a plan to transform the new CEO – Nike (NYSE: NIKE)

chief executive officer Nike Inc. Cousinand Elliot HillI gained confidence Jeffrez analyst Randal KonickHe is optimistic about Hill’s strategic plans for the company.

What happenedKonik, in the observation of customer analysts, participated that the Hill strategy to renew wholesale partnerships and launching new products will greatly enhance Nike profitability and market share in the sporty shoe industry in the expected future, I mentioned Market watch. As a result, Konik upgraded his classification on “Hold” Nike’s shares to “Buy”, and dubbed “his new choice”.

Konik also raised its target share price for Nike to $ 115 from $ 75, indicating a possible increase of 43.2 % of the closing price of $ 80.28 on Monday. It opens that the current assessment of Nike shares, with regard to sales expectations for the next year, is at its lowest level in ten years, which creates the “evaluation hall”.

Konic wrote in the note: “With shares close to the evaluation basin, we now believe that the time to buy shares strongly.”

Despite past errors, including the low focus on creating products and excessive focus on digital sales and direct in Nike, Konik is still confident that Hill’s experience and strategy will make these challenges. He also pointed to a noticeable rise in job leaflets for the roles of the product, indicating the renewal of the focus on the innovation of products.

Konik expects a V -shaped -shaped recovery by 2027, prompting profits over the current Wall Street forecast. The Jeffrez poll found that more than half of consumers plan to buy sports shoes prefer NIKE, which enhances the optimized Konik expectations.

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Why do it matterNike strategic movements are already under Hill’s leadership in its fruits. The company recently announced the launch of Nikeskims, a new brand developed in cooperation with SKIMS, an American brand for clothing and clothing that is involved in its establishment Kim Kardashian.

Nike also returned to the Super Bowl advertising square after 27 years. The brand disrupted the spotlight with its sporting announcement of Sindhi. This announcement was broadcast simultaneously to Nike when he seeks to activate his work after three forty -quarters of the decrease in revenue. In the quarter in November, net revenue decreased by 7.7 % to $ 12.35 billion. The stock fell more than 23 % during the past year.

The brand has suffered since the Covid-19 pandemic after it has spoiled relationships with wholesalers in an attempt to pay sales directly to the customer. However, the investor’s confidence appears to have returned after the veteran CEO presented a transformation plan in December.

It is worth noting, Bill Akman‘s Birching Square Square Convert Nike stock position In deep call options in early 2025, he sensed a potential upside down head. “Hill is the perfect person to return Nike to dominance and growth.”

NIKE jumped by 4.9 % yesterday after the bullish observation by JeffRies analyst.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.