Nike Shares Hit 52-Week Low After Wall Street Price Target Cuts
NKE•Nike shares slipped 0.37% at Friday's close to reach a 52-week low after several Wall Street firms cut price targets. The declines follow a round of analyst downgrades reflecting updated sales forecasts for fiscal 2026.
1. Nike Shares Fall to New Low
On Friday, Nike’s shares declined 0.37% to close at their lowest level in 52 weeks, pressured by a wave of price target cuts from major Wall Street analysts. These revisions came as analysts updated their sales and profitability projections for the upcoming fiscal year, signaling more cautious growth expectations.
