US stock surge | Nike (NKE.US) rises more than 4%, Morgan Stanley raises target price to $93

Wisdom Financial App learned that on Monday, Nike (NKE.US) rose more than 4% to $79.53. On the news front, analysts at JPMorgan Chase are optimistic about Nike's transformation. The sportswear company recently reiterated that its efforts to clear excess inventory and restore sales growth are proceeding as planned. Analysts stated in a research report that they expect the company to "return to a healthy and clean market environment" by the end of the first half of 2026. Meanwhile, wholesale partners are increasing orders, and recent on-site investigations indicate that the spring/summer orders for 2026 may continue the growth trend seen in the holiday orders for 2025.