Shares of Nike Inc. (NYSE:NKE) jumped in early trading on Wednesday after the company reported upbeat fiscal first-quarter results on Tuesday.

Here are some key analyst takeaways:

JPMorgan analyst Matthew Boss reiterated an Overweight rating, while raising the price target from $93 to $100.

Goldman Sachs analyst Brooke Roach maintained a Buy rating, while lifting the price target from $85 to $89.

BofA Securities analyst Lorraine Hutchinson reaffirmed a Buy rating and price target of $84.

Telsey Advisory Group analyst Cristina Fernández reiterated a Market Perform rating and price target of $74.

Check out other analyst stock ratings.

JPMorgan: Nike reported earnings of 49 cents per share, beating the consensus of 28 cents per share, which was driven by "a beat across all line items," Boss said in a note. The company generated revenue growth of 1.1% year-over-year, surpassing Street expectations of a 4.8% decline, driven by an inflection point in positive revenue growth across approximately 85% of its sales mix, he added.

Management guided ...