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

NIKE (NYSE:NKE) had its price target reduced by equities research analysts at Evercore from $69.00 to $57.00 in a report released on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the footwear maker’s stock. Evercore’s price objective would suggest a potential upside of 26.99% from the stock’s previous close.

A number of other research analysts have also weighed in on NKE. Oppenheimer reissued an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a research note on Monday, December 15th. Telsey Advisory Group decreased their price target on NIKE from $65.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Finally, Robert W. Baird dropped their price objective on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.57.

NIKE Trading Down 15.0%

Shares of NYSE NKE traded down $7.94 during midday trading on Wednesday, reaching $44.89. 87,936,225 shares of the stock were exchanged, compared to its average volume of 17,079,348. The stock has a 50 day moving average price of $59.68 and a 200-day moving average price of $63.66. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $66.45 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.69 and a beta of 1.27. NIKE has a 52-week low of $44.67 and a 52-week high of $80.17.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts expect that NIKE will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIKE

Hedge funds and other institutional investors have recently modified their holdings of the company. Mizuho Markets Cayman LP acquired a new stake in shares of NIKE in the third quarter worth $34,200,000. Exchange Traded Concepts LLC lifted its holdings in shares of NIKE by 697.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after acquiring an additional 200,187 shares in the last quarter. Strive Asset Management LLC acquired a new position in shares of NIKE during the 3rd quarter valued at $1,743,000. Soros Fund Management LLC boosted its position in NIKE by 33.0% during the 2nd quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock worth $21,477,000 after purchasing an additional 75,000 shares during the period. Finally, Brighton Jones LLC increased its holdings in NIKE by 54.6% in the 3rd quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock valued at $7,307,000 after purchasing an additional 37,019 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 results beat estimates on both top and bottom lines (EPS $0.35 vs. ~$0.29 consensus; revenue ~$11.28B roughly in line-to-slightly-above expectations), showing the turnaround still produces tangible operational progress. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Management says the company has taken intentional actions (clearing unhealthy inventory, rebalancing wholesale vs. DTC) that pressure near‑term margins but are intended to set up later improvement — a strategic move that could pay off but delays visible recovery. Nike Takes ‘Intentional’ Hit To Clear ‘Unhealthy Inventory’ In Q3 As CEO Eyes Turnaround By Year-End
• Negative Sentiment: Weak guidance drove the selloff: Nike guided fiscal Q4 revenue to decline (company-range), below Street expectations, and warned Greater China sales will remain soft — management said the China reset could take multiple quarters. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
• Negative Sentiment: Margin pressure from tariffs, promotions and inventory actions pushed operating profit and net income materially lower year‑over‑year, undercutting confidence in a near‑term margin rebound. Nike third-quarter sales beat estimates as turnaround efforts gain traction
• Negative Sentiment: Analysts reacted quickly: multiple firms cut price targets or downgraded forecasts (Wells Fargo, Truist, Telsey and others), amplifying downward pressure and raising the risk of further revision. These Analysts Cut Their Forecasts On Nike After Q3 Results
• Negative Sentiment: Investor sentiment soured after candid executive comments about the slow turnaround — headlines and tone (including a blunt CEO remark) reinforced the view that recovery is taking longer than planned. Nike CEO vents as company struggles to regain footing after disappointing profits : ‘I’m so tired’

About NIKE

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).