BTIG Picks Nike and Block as Top Stocks for 2026 with Significant Upside Potential
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
- Nike's Recovery Outlook: BTIG has named Nike as one of its top large-cap stock picks for 2026, with a price target of $100, representing approximately 57% upside from Wednesday's close, as the company is expected to show solid recovery driven by innovation and product line updates.
- Block's Growth Potential: Despite a 26% decline in stock price over the past 12 months, BTIG sets a price target of $90 for Block, indicating a 38% upside, with analysts citing profitable growth driven by deeper customer penetration of Cash App and Square.
- DraftKings' Positive Outlook: BTIG believes DraftKings has a price target of $45, suggesting a 31% upside, as analysts note that the current pacing creates a favorable setup for 2026 performance against tempered investor expectations.
- Small Caps Outperforming: BTIG's chief market technician predicts that while both large and small-cap stocks will rise, small-cap companies will outperform their larger counterparts in 2026, contingent on stable economic data.
Analyst Views on NKE
Wall Street analysts forecast NKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NKE is 85.60 USD with a low forecast of 68.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
19 Buy
9 Hold
0 Sell
Moderate Buy
Current: 64.590
Low
68.00
Averages
85.60
High
120.00
Current: 64.590
Low
68.00
Averages
85.60
High
120.00
About NKE
NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. It also designs products specifically for the Jordan Brand and Converse. The Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball performance and culture using the Jumpman trademark. The Company also designs, distributes and licenses casual sneakers, apparel and accessories under the Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
