Nike stock price forecast for Q3 2024 suggests moderate upside

Nike stock price forecast for Q3 2024 suggests moderate upside potential, with analysts tracking EPS growth around 9% year-over-year and revenue stabilization after inventory corrections. The market sentiment leans bullish as institutional funds increase stakes amid positive U.S. retail sales data. Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. While the bears may be reducing their short exposure against Upstart, UPST stock still might provoke a short squeeze. Analysts revising Nike stock price forecast for mid-2024 have factored in robust digital sales growth and improved margins in North America, pushing potential targets toward the $110 zone.