Nike, NBA Extend Apparel And Content Partnership For 12 More Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Source: Benzinga
Nike's Partnership Extension: Nike has extended its global partnership with the NBA and WNBA for 12 years, continuing as the exclusive provider of on-court uniforms and introducing new fan engagement initiatives.
Financial Performance: In its first quarter, Nike reported revenues of $11.59 billion, slightly below analyst expectations, while earnings per share exceeded estimates, leading to a minor increase in stock price.
Analyst Views on MVAL
Wall Street analysts forecast MVAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MVAL is USD with a low forecast of USD and a high forecast of 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.
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Current: 38.387
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Current: 38.387
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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.
