Nike stock could explode another 50% after monster earnings report: analyst

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend. 

“[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target. 

Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its…

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