Nike's plan to sell shoes via Instagram could spark a 20% rally in the stock, analyst says - CNBC

Nike's plan to sell shoes via Instagram could spark a 20% rally in the stock, analyst says - CNBC

CNBC

Nike's plan to sell shoes via Instagram could spark a 20% rally in the stock, analyst says CNBC Raymond James is bullish on Nike's recent moves to sell on social media and e-commerce platforms. The firm initiates coverage on the company with an outperform rating and a price target of $71, representing 23 percent upside from Wednesday's close.