Are GoPro and Nike Set to Take Over?

24/7 Wall St.

GoPro logoPiper Jaffray has opined that both GoPro Inc. (NASDAQ: GPRO) and Nike Inc. (NYSE: NKE) have plenty of room to run. The firm has issued price targets with strong double-digit upside. With the recent Masters Tournament win by Jordan Spieth, many investors and consumers have been focused heavily on Under Armour Inc. (NYSE: UA). Despite 24/7 Wall St. saying that Under Armour may be in the same position that Apple was in a decade ago, there still appears to be room for other industry giants in apparel and accessories in sports.

Apparel giant Nike is a Dow Jones Industrial Average component. So it is not as if the consensus expectation is that it is ready to lose much ground. Nike’s most recent earnings report would have been far better had it not been for currencies acting a major headwind.

Piper Jaffray’s upgrade for Nike was to Overweight, and the…

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