Nike's stock is currently showing signs of being oversold, with an RSI of 16.41 on the 6-day period, indicating potential for a short-term rebound. However, the MACD remains negative, suggesting continued bearish momentum.
Recent news highlights challenges such as inventory clearance issues and the impact of tariffs on revenue. Despite this, Nike has made strategic moves like the launch of NikeSKIMS and returned to Super Bowl advertising, which could positively impact long-term growth.
Based on the analysis, the stock is expected to trade between $68 and $70 in the next trading week.
Sell or Avoid Buying for the next week due to the bearish trend and short-term challenges.
The price of NKE is predicted to go up 10.73%, based on the high correlation periods with HOV. The similarity of these two price pattern on the periods is 98.03%.
NKE
HOV
Year
NKE Price Forecast($)
Potential Return(%)
2025
73.690
0.520
2026
90.000
13.310
2027
110.000
38.490
2028
120.000
51.080
2029
110.000
38.490
2030
125.000
57.370
Although uneven of late, the global sportswear market should expand, especially in Asia and other developing areas. As the global share leader, Nike is positioned to benefit.
Nike's restructuring efforts to achieve $2 billion in cost cuts and its Triple Double strategy (increased innovation, direct-to-consumer sales, and speed) may improve margins and share.
We anticipate Nike's gross margins will rise consistently after dropping in fiscal 2023 through automation, e-commerce, and higher prices. Nike is pulling back from undifferentiated retailers to increase full-priced sales.
Morgan Stanley
2025-03-21
Price Target
$72 → $70
Upside
+3.03%
RBC Capital
2025-03-21
Price Target
$67 → $66
Downside
-2.86%
JP Morgan
2025-03-21
Price Target
$73 → $64
Downside
-5.8%