Street Calls of the Week: Upgrade for Nike; downgrade for Arista Networks
Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Ulta Beauty by Ulta Beauty could act as a significant positive trigger for the stock’s value.
Notably, Aerie’s revenue growth is assumed to be in the mid-to-high single digits, below its historical double-digit CAGR. Despite the visibility to product cost favorability through Holiday '24 and ongoing AUR/brand mix benefits, product margins are assumed to remain flat. Despite CAVA’s recent entry into the public market, making historical valuation comparisons less relevant, Argus finds the company’s valuation metrics to present a mixed picture when juxtaposed with industry peers. The price-to-earnings ratio stands at 200x the estimated 2025 EPS, surpassing the average of 120 among competitors like CMG, SHAK, and SG. However, CAVA’s price-to-sales ratio of 5.7 trails behind that of sector leader CMG.
Buy at BofA means “Buy stocks are expected to have a total return of at least 10% and are the most attractive stocks in the coverage cluster.”Nike stock traded higher on the premarket headline from $89.03 to $91.18, a gain of around 2.50%. Nike opened the regular session at $91.00 and closed at $92.00, a gain of 0.11%.Rosenblatt has observed that Arista’s strengths may not be as effective in the AI market.
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