NIKE's Performance: NIKE's first-quarter fiscal 2026 results show a 20% growth in running categories, driven by redesigned franchises, while overall performance remains uneven, particularly with a 30% decline in classic footwear in North America and a 10% revenue drop in Greater China.
Competitive Landscape: Competitors adidas and lululemon are gaining traction, with adidas seeing improved sell-through in lifestyle franchises and lululemon benefiting from strong brand loyalty and innovation, despite a moderation in growth.
Stock Performance and Valuation: NIKE shares have declined 14.7% over the past three months, with a forward price-to-earnings ratio of 29.58X, higher than the industry average of 26.33X, and a Zacks Rank of #3 (Hold).
Future Outlook: The Zacks Consensus Estimate predicts a 23.6% decline in NIKE's fiscal 2026 earnings, followed by a projected 50.9% growth in fiscal 2027, indicating potential for recovery if the brand trio of NIKE, Jordan, and Converse can sustain momentum.
Wall Street analysts forecast NKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NKE is 76.11 USD with a low forecast of 62.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
Wall Street analysts forecast NKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NKE is 76.11 USD with a low forecast of 62.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Buy
7 Hold
0 Sell
Moderate Buy
Current: 65.460
Low
62.00
Averages
76.11
High
110.00
Current: 65.460
Low
62.00
Averages
76.11
High
110.00
KeyBanc
Overweight
downgrade
$90 -> $75
2026-01-22
New
Reason
KeyBanc
Price Target
$90 -> $75
AI Analysis
2026-01-22
New
downgrade
Overweight
Reason
KeyBanc lowered the firm's price target on Nike to $75 from $90 and keeps an Overweight rating on the shares. The firm says that initial turnaround signs are showing but will take time to materialize.
Needham
Tom Nikic
Buy
to
Hold
downgrade
2026-01-08
Reason
Needham
Tom Nikic
Price Target
2026-01-08
downgrade
Buy
to
Hold
Reason
Needham analyst Tom Nikic downgraded Nike to Hold from Buy without a price target. The company's turnaround is progressing slower than expected, the analyst tells investors in a research note. Needham is concerned about Nike's recent level of sell-in in its North America wholesale channel. In addition, China "appears highly problematic," and consensus estimates for the next 12-24 months "look too high," contends Needham.
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Deutsche Bank
resume
$67
2026-01-08
Reason
Deutsche Bank
Price Target
$67
2026-01-08
resume
Reason
Deutsche Bank resumed coverage of Nike with a Hold rating and $67 price target. The firm resumed coverage of global brands, off-price, and specialty beauty retail. Following a "surprisingly strong" year for retail, Deutsche is entering 2026 with optimism as it anticipates a "volatile but broadly risk-on" macro environment, the analyst tells investors in a research note. The firm sees solid top-line trends, particularly in the first half of the year, due to easier weather comparisons and a boost in tax refunds.
Needham
Buy
to
Hold
downgrade
2026-01-08
Reason
Needham
Price Target
2026-01-08
downgrade
Buy
to
Hold
Reason
Needham downgraded Nike to Hold from Buy.
About NKE
NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. It also designs products specifically for the Jordan Brand and Converse. The Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball performance and culture using the Jumpman trademark. The Company also designs, distributes and licenses casual sneakers, apparel and accessories under the Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
