Nike (NKE) Stock Forecast Reset: Price Target Cut to $48
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowS&P Global downgraded Nike's (NKE) stock outlook to negative on April 17, citing profitability concerns amid a turnaround. The stock currently trades around $46 per share, down from HSBC's reduced price target of $48. In fiscal Q3 FY2026, Nike posted revenues of $11.3 billion, flat year over year, with net income decreasing by 35% to about $0.5 billion. The company also expects Q4 sales to decline by 2% to 4% year over year due to pressures on demand and rising operational costs.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About NIKE Inc. (NKE)
Nike is the world’s largest athletic footwear and apparel brand, selling through wholesale partners and a growing direct-to-consumer business.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier NKE news
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- Nike (NKE) Stock Rated Neutral by BofA Amid Margin Pressures
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- Nike (NKE) Shares Drop Over 14% After Weak Turnaround Guidance
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