Nike Price Target Slashed to $51, Q4 Revenue Forecast Down 2%
NKE•Nike’s average analyst price target fell from $68.48 to $51 over the past year, reflecting lowered growth expectations after revenue stagnated. For Q4, analysts forecast $10.85 billion in revenue, a 2% drop, with operating income down 21% to $253 million and EPS sliding 7% to $0.13.
1. Consensus Price Target Decline
Over the past year, Nike's average analyst price target declined from $68.48 to $51, reflecting lowered growth expectations after nearly ten quarters of revenue stagnation.
2. Weakened Q4 Financial Forecast
Analysts expect Q4 revenue of $10.85 billion, down 2% year-over-year, with operating income forecast to drop 21% to $253 million and earnings per share sliding 7% to $0.13.
3. CFO Departure and Stock Decline
The company underwent a sudden CFO change, and its shares fell to a 52-week low following a key downgrade, reflecting investor caution following leadership turnover and performance concerns.
4. Divergent Analyst Sentiment
Needham maintains a Hold rating on the stock, while Wedbush labels it an ‘ultimate aggressive buy’ with a $139 price target, underscoring varied outlooks on Nike’s turnaround prospects.
