NIKE (NKE) Stock Forecast & Price Target

$77.97 +0.36 (+0.46%)

(As of 09:04 AM ET)

NIKE - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 30 Analyst Ratings

Sell
0

Hold
13

Buy
17

Based on 30 Wall Street analysts who have issued ratings for NIKE in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 13 have given a hold rating, and 17 have given a buy rating for NKE.

Consensus Price Target

$95.86
22.94% Upside

According to the 30 analysts' twelve-month price targets for NIKE, the average price target is $95.86. The highest price target for NKE is $130.00, while the lowest price target for NKE is $73.00. The average price target represents a forecasted upside of 22.94% from the current price of $77.97.

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NKE Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	16 Buy rating(s)	15 Buy rating(s)	22 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$95.86	$96.56	$95.59	$122.17
Forecasted Upside	22.94% Upside	22.36% Upside	14.81% Upside	12.38% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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NKE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NKE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

NIKE Stock vs. The Competition

Type	NIKE	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.57	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	23.51% Upside	162.81% Upside	6.73% Upside
News Sentiment Rating	Positive News See Recent NKE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Needham & Company LLC 3 of 5 stars	T. Nikic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$84.00	+11.58%
11/18/2024	TD Cowen 4 of 5 stars		Lower Target	Hold ➝ Hold	$78.00 ➝ $73.00	-4.45%
11/7/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$82.00 ➝ $80.00	+5.08%
10/10/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Civello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$83.00 ➝ $97.00	+17.63%
10/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Yih Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$84.00 ➝ $81.00	-3.17%
10/2/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$95.00 ➝ $92.00	+10.42%
Get the Latest News and Ratings for NKE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for NIKE and its competitors with MarketBeat's FREE daily newsletter.
10/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$115.00 ➝ $110.00	+32.02%
10/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$80.00 ➝ $77.00	-8.39%
10/2/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$110.00 ➝ $105.00	+25.88%
10/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Sole Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$78.00 ➝ $82.00	-0.67%
10/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$104.00 ➝ $100.00	+12.20%
10/2/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$100.00 ➝ $96.00	+7.71%
9/30/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$80.00 ➝ $85.00	-3.95%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$79.00 ➝ $82.00	-6.58%
9/20/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$80.00 ➝ $80.00	-7.25%
9/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$86.00 ➝ $95.00	+11.29%
9/20/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$100.00 ➝ $110.00	+35.85%
9/19/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$112.00 ➝ $109.00	+34.67%
9/11/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Tamada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
8/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$88.00 ➝ $79.00	-6.16%
8/16/2024	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Buy	$67.00 ➝ $93.00	+12.73%
6/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$115.00 ➝ $102.00	+35.33%
6/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$100.00 ➝ $90.00	+20.11%
6/28/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$118.00 ➝ $105.00	+37.94%
6/28/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Weight
6/28/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$118.00 ➝ $100.00	+6.13%
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Patel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform
6/28/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$115.00 ➝ $97.00	+2.95%
6/28/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$120.00 ➝ $120.00	+27.35%
12/12/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$130.00	+9.60%
9/8/2023	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
7/25/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
6/30/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/20/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Positive
3/28/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$116.00 ➝ $123.00	+4.41%
3/22/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Binetti Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$132.00 ➝ $139.00	+10.66%
3/16/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$100.00	-15.38%
1/10/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$131.00 ➝ $141.00	+12.94%
1/10/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:32 AM ET.

Should I Buy NIKE Stock? NKE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, November 23, 2024. Please send any questions or comments about these NIKE pros and cons to contact@marketbeat.com.

NIKE
Bull Case

Here are some ways that investors could benefit from investing in NIKE, Inc.:

NIKE, Inc. recently reported earnings per share (EPS) of $0.70, exceeding the consensus estimate of $0.52, indicating strong financial performance and effective cost management.
The company has announced an increase in its quarterly dividend from $0.37 to $0.40, reflecting a commitment to returning value to shareholders and a healthy dividend yield of approximately 2.13%.
With a current stock price of $75.08, NIKE, Inc. is trading below its 50-day moving average of $80.61, which may present a buying opportunity for investors looking for potential price recovery.
Analysts have a consensus rating of "Moderate Buy" for NIKE, Inc., with a target price averaging $96.30, suggesting potential upside for investors based on market expectations.
The company maintains a strong return on equity of 39.84%, indicating efficient use of equity capital to generate profits, which is attractive for long-term investors.

NIKE
Bear Case

Investors should be bearish about investing in NIKE, Inc. for these reasons:

NIKE, Inc. experienced a revenue decline of 10.4% compared to the same quarter last year, which raises concerns about its sales performance and market demand.
The stock has a price-to-earnings (P/E) ratio of 21.01, which may be considered high relative to industry peers, potentially indicating overvaluation.
Recent target price reductions by analysts, such as from TD Cowen and Bank of America, suggest a cautious outlook on the stock's near-term performance.
The company has a debt-to-equity ratio of 0.57, which, while manageable, indicates that it is using some leverage to finance its operations, posing risks if market conditions worsen.
With a significant number of analysts rating the stock as a "hold," there may be a lack of strong bullish sentiment in the market, which could limit price appreciation in the short term.

NKE Forecast - Frequently Asked Questions

: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for NIKE is $95.86, with a high forecast of $130.00 and a low forecast of $73.00.
: 30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 13 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NKE shares.
: According to analysts, NIKE's stock has a predicted upside of 22.94% based on their 12-month stock forecasts.
: Over the previous 90 days, NIKE's stock had 1 upgrade and 1 downgrade by analysts.
: NIKE has been rated by research analysts at Bank of America, Barclays, Daiwa America, Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, TD Cowen, Telsey Advisory Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like NIKE more than other "consumer discretionary" companies. The consensus rating score for NIKE is 2.57 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how NKE compares to other companies.

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Trump's back in the White House, but Wall Street is pissed. Here's the deal: Wall Street's about to purposely crash the bond market to sabotage Trump's comeback.

Get your free guide NOW before it's too late.

This page (NYSE:NKE) was last updated on 11/27/2024 by MarketBeat.com Staff

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NIKE (NKE) Stock Forecast & Price Target