NKE Price Prediction Next Week
Technical Analysis: Nike's stock has shown a downward trend in recent trading sessions, with the price declining from $104.82 to $76.47. The stock is currently trading below key moving averages, indicating bearish momentum.
News Sentiment Analysis:
- Recent leadership changes with Elliott Hill returning as CEO in October 2024
- New strategic partnership with SKIMS announced, showing potential for brand revitalization
- Bill Ackman's Pershing Square continues accumulating shares, signaling institutional confidence
- Company facing challenges with declining sales (-8% YoY) and gross profit (-10%) in recent quarter
Price Prediction for Next Week: Based on technical indicators and news sentiment:
Target Prices:
- Support level: $75.50
- Resistance level: $78.50
- Most likely range: $76.00-$77.50
Recommendation: HOLD/NEUTRAL
Rationale:
- Stock is showing signs of stabilization after recent decline
- Positive catalysts from SKIMS partnership and institutional buying
- However, near-term headwinds from declining sales metrics
- Trading volume remains elevated, indicating potential consolidation phase
Price Targets for Next Week:
- Bearish scenario: $74.50 (20% probability)
- Base scenario: $76.75 (60% probability)
- Bullish scenario: $78.50 (20% probability)
NKE Similar Chart Price Prediction
The price of NKE is predicted to go up -0.64%, based on the high correlation periods with INCY. The similarity of these two price pattern on the periods is 92.82%.
NKE
INCY
Down: -0.64%Similarity: 92.82%
NKE Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
NKE Price Forecast($)
Potential Return(%)
2025
73.690
0.520
2026
85.000
10.530
2027
95.000
23.540
2028
95.000
23.540
2029
95.000
23.540
2030
120.000
56.050
What is NKE stock price prediction 2025 ?
What is NKE stock price prediction 2026 ?
What is NKE stock price prediction 2027 ?
What is NKE stock price prediction 2028 ?
What is NKE stock price prediction 2029 ?
What is NKE stock price prediction 2030 ?
NKE Revenue Forecast
NKE EPS Forecast
NKE FAQs
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NKE VS S&P500
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.
NKE Analyst's Forecast
Randal Konik
Jefferies
Hold → Strong Buy
2025-02-24
Price Target
$75 → $115
Upside
+43.25%
Jefferies upgraded Nike to Buy from Hold with a price target of $115, up from $75. The company's new CEO is tackling product and distribution issues "head-on, positioning the brand to again outgrow the market and take back lost share," the analyst tells investors in a research note. The firm says its survey work shows that Nike's brand remains very strong, proving its issues were self-inflicted and competitive threats are "less severe." Jefferies sees a "V-shaped" earnings and margin recovery in fiscal 2027 for Nike. well ahead of consensus estimates. This should drive the stock's valuation much higher from current levels, contends the firm. It calls Nike a new top pick.
Anna Andreeva
Piper Sandler
Hold → Buy
2025-01-10
Price Target
$72 → $90
Upside
+26.4%
Jay Sole
UBS
Hold
2024-12-26
Price Target
$73
Downside
-5.12%
