Bank of America downgraded Nike to 'underperform' due to worsening sales channels and economic pressures, especially in North America and China. The price target was cut from $47 to $30, with earnings per share forecasts for 2027 and 2028 reduced by 11% and 12%. Nike faces declining sales growth and inventory challenges, with weak demand in China and slower product acceptance. BofA will monitor product innovation and market stabilization before revising its outlook.
Nike's market capitalization stands at $53.39 billion as of September 25, 2026, 23:13 WIB, with a dividend yield of 4.56%. Despite the downgrade by Bank of America, Nike shares on Pluang show a slight 0.15% decline to USD 35.94, with strong buyer interest at 97% of order activity. The stock's enterprise value is $55.40 billion, reflecting ongoing investor engagement amid the challenges noted by analysts.
Bank of America downgraded Nike to Underperform and cut its price target to $30, citing a delayed sales recovery now expected a full fiscal year later. The bank highlighted risks including slowing North America wholesale, weak demand in China, produc...
Nike's stock has fallen about 20%, but it remains rated Hold as its valuation still reflects optimism for a turnaround. The company expects low-to-mid single-digit revenue declines in the first quarter, with potential slight gross margin expansion an...
Nike Inc. will report its first-quarter fiscal 2027 results on October 1, with analysts forecasting a 3.2% decline in revenue to $11.3 billion compared to last year. The sales drop is mainly due to weak performance in Greater China and the Europe, Mi...
Oppenheimer lowered Nike's price target to $52 from a higher level, reflecting concerns over falling sales and macroeconomic challenges. Despite Nike's stock trading near its 52-week low around $35.35, the new target implies a potential 44.85% upside...
On Holding announced its first-ever $1 billion share buyback and set ambitious sales and margin targets through 2029 at its 2026 Investor Day in Zurich. The company aims for net sales of at least CHF 5.6 billion by 2029 with a 22% EBITDA margin, sign...
