Nike turnaround may take longer than expected, analysts warn [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Yahoo! Finance
Shares of Nike Inc (NYSE:NKE, XETRA:NKE) tumbled more than 15% on Wednesday after a weaker-than-expected earnings outlook analysts across Wall Street warning that a turnaround may take longer than anticipated. Bank of America cut its rating on Nike to “Neutral” from “Buy,” saying the company's recovery timeline has been pushed out as management now expects sales to remain negative through the third quarter of fiscal 2027. The brokerage also reduced its price target to $55 from $73 and lowered its earnings estimates for fiscal 2027 and 2028. “We see little room for multiple expansion,” the bank wrote, pointing to a delayed sales inflection and a longer path back to normalized earnings. The downgrade comes despite pockets of strength, particularly in North America, where sales rose 3% in the latest quarter, driven by strong demand in running, football and basketball. However, analysts said this was offset by continued weak performance in sportswear and uneven sell-through. Bank
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NKE
News
- Stock Market Today, April 1: Nike Shares Plunge After Weak Guidance and Analyst Downgrades [Yahoo! Finance]Yahoo! Finance
- NIKE (NKE) had its price target lowered by UBS Group AG from $58.00 to $54.00. They now have a "neutral" rating on the stock.MarketBeat
- NIKE (NKE) had its price target lowered by Evercore Inc from $69.00 to $57.00. They now have an "outperform" rating on the stock.MarketBeat
- NIKE (NKE) had its price target lowered by Robert W. Baird from $85.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- NIKE (NKE) had its price target lowered by Jefferies Financial Group Inc. from $110.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
NKE
Earnings
- 3/31/26 - Beat
NKE
Sec Filings
- 4/1/26 - Form 10-Q
- 3/31/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- NKE's page on the SEC website