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

NIKE (NYSE:NKE) had its price target decreased by Evercore from $69.00 to $57.00 in a research report issued on Wednesday,MarketScreener reports. The firm presently has an “outperform” rating on the footwear maker’s stock. Evercore’s price target suggests a potential upside of 26.99% from the stock’s previous close.

A number of other analysts also recently commented on the stock. Daiwa Securities Group decreased their price objective on shares of NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Robert W. Baird dropped their target price on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price target on shares of NIKE in a research report on Wednesday. Oppenheimer restated an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of NIKE in a research note on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.57.

NIKE Price Performance

NYSE:NKE traded down $7.94 during trading hours on Wednesday, hitting $44.89. The company’s stock had a trading volume of 87,936,225 shares, compared to its average volume of 17,079,348. The business’s 50-day moving average is $59.68 and its two-hundred day moving average is $63.66. The company has a market capitalization of $66.45 billion, a PE ratio of 26.42, a PEG ratio of 2.69 and a beta of 1.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. NIKE has a 52-week low of $44.67 and a 52-week high of $80.17.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS 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 analyst estimates of $11.23 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that NIKE will post 2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. J. Stern & Co. LLP lifted its stake in NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after buying an additional 47,956,692 shares in the last quarter. Norges Bank purchased a new position in NIKE during the fourth quarter worth $829,956,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of NIKE by 3,129.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker’s stock worth $645,855,000 after acquiring an additional 8,809,950 shares during the last quarter. Harris Associates L P purchased a new stake in shares of NIKE in the second quarter valued at $621,525,000. Finally, Capital World Investors lifted its position in shares of NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after acquiring an additional 6,830,938 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 results beat estimates on both top and bottom lines (EPS $0.35 vs. ~$0.29 consensus; revenue ~$11.28B roughly in line-to-slightly-above expectations), showing the turnaround still produces tangible operational progress. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Management says the company has taken intentional actions (clearing unhealthy inventory, rebalancing wholesale vs. DTC) that pressure near?term margins but are intended to set up later improvement — a strategic move that could pay off but delays visible recovery. Nike Takes ‘Intentional’ Hit To Clear ‘Unhealthy Inventory’ In Q3 As CEO Eyes Turnaround By Year-End
• Negative Sentiment: Weak guidance drove the selloff: Nike guided fiscal Q4 revenue to decline (company-range), below Street expectations, and warned Greater China sales will remain soft — management said the China reset could take multiple quarters. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
• Negative Sentiment: Margin pressure from tariffs, promotions and inventory actions pushed operating profit and net income materially lower year?over?year, undercutting confidence in a near?term margin rebound. Nike third-quarter sales beat estimates as turnaround efforts gain traction
• Negative Sentiment: Analysts reacted quickly: multiple firms cut price targets or downgraded forecasts (Wells Fargo, Truist, Telsey and others), amplifying downward pressure and raising the risk of further revision. These Analysts Cut Their Forecasts On Nike After Q3 Results
• Negative Sentiment: Investor sentiment soured after candid executive comments about the slow turnaround — headlines and tone (including a blunt CEO remark) reinforced the view that recovery is taking longer than planned. Nike CEO vents as company struggles to regain footing after disappointing profits : ‘I’m so tired’

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).