Nike (NKE) stock jumped more than 5% after Jefferies (JEF) gave the company a rave review, saying that CEO Elliott Hill is tackling production and distribution head-on and that it expects a “V-shaped” rebound in profit margin and earnings per share in the 2027 financial year.

Shares of Nike jumped 4.94% on Monday after a Jefferies report highlighted the potential for the stock over the next 12 months with a base case for a 50% gain and an upside scenario of +83%. Analyst Randal Konik upgraded his rating from hold to buy and made Nike his current favorite pick.