Freedom Broker upgraded Nike shares from Sell to Buy, citing confidence in the company's long-term turnaround strategy despite weak near-term results. Nike's stock has fallen about 53% over the past year, but the new $51 price target implies a 52% upside from the current $33.59 price. The upgrade follows Nike's fiscal Q1 2027 report, which showed a 4% revenue decline and challenges in Greater China and key divisions, though adjusted earnings per share beat estimates and gross margin improved. Nike expects fiscal 2027 revenue to decline in the high single digits and continues restructuring efforts, but the upgrade reflects optimism about its Pace transformation program and Sport Offense strategy driving future growth.
Nike shares are currently priced at USD 33.87 on Pluang as of Oct 04, 2026 20:31 WIB, marking the 52-week low for the stock. Despite the recent upgrade, the stock is down 3.64% on the day with a market cap of $50.25 billion. Pluang investors show a predominantly bearish sentiment with 85% of order activity on the sell side.
Nike is intentionally reducing sales volume of key products like the Dunk and Jordan lines, and pulling back from markets such as Greater China to restore brand exclusivity and pricing power. This strategy has led to a 4% revenue decline and a 5.8% d...
UBS has maintained a Neutral rating on Nike stock following the company's fiscal first-quarter revenue falling short of estimates and its announcement of layoffs. Nike's shares dropped over 7% amid weak earnings guidance and expectations of further s...
Nike's stock has dropped 75% over five years, pushing its dividend yield close to 5%, signaling market concerns. The company hopes to replicate Michael Jordan's past success by launching the Caitlin 1, its largest women's signature shoe, which sold o...
Nike shares fell below their 52-week low amid a shrinking sales outlook and challenges in China, with revenue expected to decline in fiscal 2027. Despite this, Piper Sandler analyst Abbie Zvejnieks rates Nike as Overweight with a $75 price target, im...
Nike's shares fell over 8% following a weaker-than-expected first-quarter revenue report, largely impacted by struggles in its China market. The company announced a restructuring plan that includes layoffs next year and forecasted a high-single-digit...
