Nike's new CEO is set to double down on the company's success selling online. Here's what analysts are saying about John Donahoe.

Momentum is strong as Nike stock brushes up against record highs, and Donahoe's prior positions set him up to build on the company's online efforts, Wedbush said.

"Mr. Donahoe appears to have strong leadership, digital, and NKE experience as Mr. Parker remaining helps ensure a smooth transition," analysts Christopher Svezia and Paul Nawalany wrote.

The analysts also praised Donahoe's work to improve Nike's culture. They cited the sportswear company's statements on social issues like climate change and gender inequality, as well as inclusivity efforts like plus-sizing, the Nike Pro Hijab, and para-sports.

Despite Parker setting a high bar, Donahoe has the résumé to keep shareholders happy and improve on the company's successful new ventures, the analysts said.

"In the end, though Mr. Donahoe has large sneakers to fill in taking over this large, globally iconic brand, he appears to be a formidable choice to lead NKE and may help further accelerate its digital and general market dominance," they wrote.

Wedbush maintains an "outperform" rating and a $100 price target.

The team of Credit Suisse analysts led by Michael Binetti initially wondered why Donahoe would leave ServiceNow and why Nike looked externally for a new chief executive. Yet following conversations with Nike, the team said they "don't see significant reason for stock concern related to those questions."

"Nike ran a detailed search both internally and externally, and prioritized a CEO with the skillset to execute the company's significant digital transformation," they wrote.

Credit Suisse praised Donahoe's past roles at large digital firms, and deemed his years on Nike's board as even more important to his transition into the top job. The new CEO is positioned to capitalize on recent innovations and will likely keep the company on its highly successful path, the analysts wrote.

"We don't see any fundamental changes to Nike's existing strategy or corporate priorities on the news of the CEO replacement," they said. "Nike remains one of our top picks."

Credit Suisse maintains an "outperform" rating and a $112 price target.

UBS analyst Jay Sole struck a slightly different tone, noting he had "one mild concern" about Nike's selection.

"Mr. Donahoe lacks day-to-day experience as a CEO of a large athletic wear company," Sole wrote.

He quickly softened the blow, noting the executive "didn't have a strong background in enterprise software" before joining ServiceNow and has since helped build the brand.

Nike's strong sales growth sets firm ground for the transition, and should continue "business as usual for Nike," Sole wrote.

"The good news is Nike has made this move from a position of strength (sales trends remain robust) and set a plan for a smooth transition," he said. "This increases the likelihood in our view Nike's long history of strong EPS growth can continue into the out-years."

UBS reiterated a "neutral" rating and $95 price target.