Shares of sportswear giant Nike rose 4% at $79.3 premarket.
J.P.Morgan upgrades stock to "overweight" from "neutral"; hikes PT to $93 from $64 previously.
Brokerage in its note, headlined "Just Buy It", says the scaling of the performance product pipeline will help grow spring/summer 2026 orders, and boost interest in classic styles.
The new PT represents a nearly 22% premium to stock's last close.
JPM sees opportunity for NKE to recapture over 500 bps of operating margin between FY26 and FY28 on improved full-price selling and reception to new product innovation.