Truist Financial Cuts NIKE (NYSE:NKE) Price Target to $57.00

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

Other equities research analysts also recently issued reports about the stock. Berenberg Bank reiterated a “neutral” rating and set a $70.00 price objective on shares of NIKE in a research note on Friday, December 19th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $52.00 target price on shares of NIKE in a research note on Wednesday. BTIG Research lowered their price target on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $67.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Finally, Bank of America reissued a “neutral” rating and issued a $55.00 price objective (down from $73.00) on shares of NIKE in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.33.

NIKE Stock Performance

Shares of NIKE stock traded down $7.44 during midday trading on Wednesday, hitting $45.38. The company had a trading volume of 36,851,662 shares, compared to its average volume of 16,116,516. The company has a fifty day simple moving average of $59.68 and a 200 day simple moving average of $63.66. The stock has a market cap of $67.18 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.69 and a beta of 1.27. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. NIKE has a 12-month low of $45.23 and a 12-month high of $80.17.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. NIKE’s revenue was up .1% compared to the same quarter last year. As a group, analysts predict that NIKE will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIKE

A number of institutional investors have recently modified their holdings of NKE. Cornerstone Financial Management LLC purchased a new stake in shares of NIKE in the fourth quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in NIKE during the second quarter valued at approximately $31,000. Sankala Group LLC purchased a new position in NIKE during the fourth quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new position in NIKE in the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in NIKE in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Key NIKE News

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

NIKE Company Profile

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).