1. BofA maintains Buy rating on NKE, forecast at $80. 2. Analyst notes sales and margin pressure from excess inventory. 3. Retailer enthusiasm for Spring ’26 innovation pipeline is growing. 4. Pricing power and strong vendor relations could stabilize sales. 5. FY26 EPS estimate lowered to $1.80 due to foreign exchange.
Despite current pressures, positive long-term outlook and strong retailer interest exist. This mirrors historical recovery trends in Nike stock after market adjustments.
The ongoing challenges discussed indicate a critical transition period for Nike. Expectations of sales rebound are vital for influencing investor confidence.
The focus on fiscal 2026's potential rebound aligns with past strategic product launches that catalyzed recovery after downturns.