StockNews.AI
NKE
Benzinga
151 days

Nike Stock Hits 52-Week Low As Analyst Warns Bullish Turnaround 'Will Take Time'

1. Analysts express caution regarding Nike's short-term growth. 2. Stifel maintains a Hold rating; China remains a challenge. 3. Goldman Sachs and Needham lower price targets but maintain Buy ratings. 4. Nike's inventory issues may hinder growth in the near term. 5. Oppenheimer sees improvement trends, suggesting future recovery potential.

6m saved
Insight
Article

FAQ

Why Bearish?

Analysts express cautious outlook and lower price targets, indicating weakened investor confidence.

How important is it?

The cautious tone and lowered targets signal potential price depreciation for NKE.

Why Short Term?

Near-term headwinds like inventory issues are expected to impact profitability this fiscal year.

Related Companies

Related News