Technical Analysis
Based on the recent price action and technical indicators, Nike (NKE) shows a bearish trend. The stock has experienced significant downward pressure, currently trading at $73.04. Key technical observations:
Fundamental Analysis & News Impact
Recent negative catalysts include:
Price Prediction for Next Week
Based on technical indicators and recent news sentiment:
Bearish Scenario (70% probability):
Neutral Scenario (20% probability):
Bullish Scenario (10% probability):
Recommendation: SELL
The combination of deteriorating fundamentals, negative technical momentum, and bearish analyst sentiment suggests further downside risk. The stock is likely to test the psychological $70 support level next week.
The price of NKE is predicted to go up -1.57%, based on the high correlation periods with CVLG. The similarity of these two price pattern on the periods is 93.78%.
NKE
CVLG
Year
NKE Price Forecast($)
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
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.
Piper Sandler
2025-01-10
Price Target
$72 → $90
Upside
+26.4%
UBS
2024-12-26
Price Target
$73
Downside
-5.12%
Baird
2024-12-23
Price Target
$110 → $105
Upside
+36.79%