Bank of America downgraded Nike ahead of its fiscal Q1 2027 earnings report scheduled for October 1, 2026, signaling concerns about the upcoming quarter. The analyst consensus forecasts Nike to report earnings per share of $0.44 and revenue of $11.32 billion, reflecting year-over-year declines of 11% and 3%, respectively. This downgrade comes amid a broader retail weakness, with other brands like Deckers, On Holding, Birkenstock, and Dick's Sporting Goods also hitting 52-week lows in mid-September. Investors will be watching closely to see if Nike can stabilize or reverse these downward trends in its next earnings release.
As of Sep 28, 2026 15:41 WIB, Nike (NKE) shares are stable on Pluang, trading at USD 35.75 with no change in the last day. The stock holds a market capitalization of $53.04 billion and offers a dividend yield of 4.59%. Despite the bearish outlook highlighted by Bank of America, Nike's shares remain steady in the current market environment.
U.S. stock markets closed higher last week with the Dow, Nasdaq, and S&P 500 all posting gains amid ongoing concerns about inflation and Federal Reserve policy. The Fed raised interest rates by 25 basis points in September and indicated at least one ...
Nike shares are currently undervalued, trading near 2013 levels due to challenges like a flawed direct-to-consumer expansion, inventory issues, and regional weaknesses. Despite this, the stock is rated BUY with a projected upside of 14.1% to 76.9%, s...
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 ...
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...
