As February began to melt into March, one analyst became suddenly, and extremely, positive about Nike's (NYSE: NKE) future, to the point where he flagged the stock as having 50% upside potential.

On the last Monday of the month, Jefferies analyst Randal Konik upgraded his recommendation on Nike stock to buy from his previous hold. More dramatically, he made a serious lift to his price ...

The analyst added that surveys indicate that Nike's brand remains extremely strong, which to him demonstrates that its problems were internal rather than the fault of any external factors.

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%.

Nike's stock surged 6.2% after announcing a new ... the furniture company set conservative guidance that was below Wall Street’s expectations. Buoyed by a 4% improvement in sales and widening ...