NIKE (NYSE:NKE) Price Target Cut to $57.00 by Analysts at Truist Financial

NIKE (NYSE:NKE) had its target price dropped by stock analysts at Truist Financial from $69.00 to $57.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the footwear maker’s stock. Truist Financial’s price target suggests a potential upside of 25.61% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Oppenheimer restated an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. BTIG Research dropped their price objective on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus set a $65.00 price objective on shares of NIKE and gave the stock a “hold” rating in a research note on Friday, December 19th. Robert W. Baird lowered their target price on NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of NIKE in a research report on Thursday, March 5th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.33.

NIKE Stock Down 14.1%

Shares of NKE traded down $7.44 during midday trading on Wednesday, reaching $45.38. 36,851,662 shares of the stock were exchanged, compared to its average volume of 16,116,516. The company has a market capitalization of $67.18 billion, a P/E ratio of 26.69, a PEG ratio of 2.69 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE has a 52 week low of $45.23 and a 52 week high of $80.17. The company’s 50 day moving average is $59.68 and its two-hundred day moving average is $63.66.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that NIKE will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On NIKE

Several institutional investors have recently bought and sold shares of NKE. Vanguard Group Inc. lifted its holdings in shares of NIKE by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock valued at $7,453,658,000 after purchasing an additional 1,702,342 shares during the last quarter. State Street Corp boosted its position in shares of NIKE by 2.2% in the 4th quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock worth $3,802,807,000 after purchasing an additional 1,275,494 shares in the last quarter. Capital World Investors grew its stake in NIKE by 16.2% during the 4th quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after buying an additional 6,830,938 shares during the last quarter. J. Stern & Co. LLP grew its stake in NIKE by 49,010.4% during the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after buying an additional 47,956,692 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in NIKE by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock valued at $1,677,251,000 after buying an additional 233,925 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on top and bottom lines — EPS of $0.35 and revenue roughly in line with expectations, showing some traction from product resets and discount control. NIKE Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management notes turnaround progress (product innovation, running category strength) and several analysts/shops still maintain buy/overweight views — evidence there remains conviction among some investors and boutiques. Nike third-quarter sales beat estimates
• Neutral Sentiment: Company intentionally cleared excess inventory, which helps future gross-margin recovery but compressed current margins and cash flow in the quarter (a tradeoff investors need to price). Nike Takes ‘Intentional’ Hit To Clear ‘Unhealthy Inventory’
• Negative Sentiment: Weak near‑term guidance: Nike expects revenue to decline in the next quarter (company cited a projected ~20% drop in China sales), extending uncertainty around the pace of the turnaround — the main driver of the stock’s decline. Nike stock tumbles as weakness in China…
• Negative Sentiment: Analysts trimmed targets and reaffirmed cautious/neutral ratings after the call; a number of firms cut forecasts which amplifies selling pressure and lowers near-term upside expectations. These Analysts Cut Their Forecasts On Nike After Q3 Results
• Negative Sentiment: Wider macro & geopolitical risks (tariff/headwind effects, higher oil/pricing pressures, and the Middle East conflict) were flagged as potential additional drags on recovery and supply/cost dynamics. Nike’s turnaround put to test as Middle East conflict poses new risks

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).