Evercore Lowers NIKE (NYSE:NKE) Price Target to $57.00

NIKE (NYSE:NKE) had its target price cut by Evercore from $69.00 to $57.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the footwear maker’s stock. Evercore’s price target points to a potential upside of 28.97% from the company’s current price.

A number of other research analysts also recently commented on NKE. DZ Bank reiterated a “buy” rating on shares of NIKE in a report on Friday, December 19th. Guggenheim decreased their target price on NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday. Robert W. Baird lowered their price target on NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday. BNP Paribas Exane dropped their price target on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a research note on Wednesday. Finally, Raymond James Financial reissued a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Nineteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.42.

NIKE Price Performance

NIKE stock opened at $44.20 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $58.84 and a 200-day simple moving average of $63.39. The stock has a market cap of $65.43 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. NIKE has a 12-month low of $43.17 and a 12-month high of $80.17.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts expect that NIKE will post 2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC boosted its holdings in shares of NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after acquiring an additional 139 shares during the period. St. Clair Advisors LLC increased its holdings in shares of NIKE by 0.9% in the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock valued at $1,061,000 after acquiring an additional 140 shares during the period. Spirepoint Private Client LLC raised its position in NIKE by 0.4% in the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock valued at $2,520,000 after purchasing an additional 153 shares during the last quarter. Diligent Investors LLC raised its position in NIKE by 4.3% in the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after purchasing an additional 153 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in NIKE by 8.0% during the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock worth $147,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on the headline numbers — EPS topped estimates and management says actions are underway to clear unhealthy inventory, which supports the argument the trough may be in place. NIKE Q3 Earnings & Revenues Top Estimates, Margin Pressures Persist
• Positive Sentiment: Some brokers and value-focused analysts still call NKE a buy on a beaten-up valuation and strong balance sheet — supporting a potential buy‑the‑dip case for long‑term investors. With Nike Stock Deep in Oversold Territory, Should You Buy the Dip?
• Neutral Sentiment: Technicals show heavy selling (volume spikes, oversold indicators), which can lead to short‑term bounces or further weakness depending on next‑quarter guidance and investor positioning. Down 75% From Its High, How Much Lower Can Nike Get?
• Negative Sentiment: Weak guidance was the primary catalyst — Nike forecast revenue down in the coming quarter (management signaled sales declines and extended recovery timing), which triggered the selloff as investors reprice a slower turnaround. Nike Stock Plunges As Weak China Sales Guidance Rattles Investors
• Negative Sentiment: Greater China remains a major drag (management flagged a sharp China sales decline), and margin pressure from tariffs, promotions and restructuring raises near‑term profit risk. NIKE’s Gross Margin Drag & Tariff Costs Loom: Can It Protect Profits?
• Negative Sentiment: Wall Street reaction has included numerous price‑target cuts and downgrades alongside a new shareholder litigation inquiry into disclosures about the turnaround and DTC strategy — additional reputational and legal risk. Kuehn Law Encourages Investors of Nike, Inc. to Contact Law Firm

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).