Nike Shares Dip Amid Analyst Price Target Cuts

Apr 02, 2026 21:58 UTC

NKE

Immediate term

Nike's stock closed lower on Thursday as over 20 analysts reduced their price targets for the sportswear giant. The move follows concerns over recent profit declines and a weak revenue outlook.

Nike's stock closed at $44.19, down 1.00% on Thursday.
Over 20 analysts have cut price targets for Nike in two trading days after Q3 earnings.
Trading volume reached 59.4 million shares, 220% above the three-month average.
Adidas and Puma also experienced declines, with Adidas at $78.13 (-1.67%) and Puma at $2.48 (-4.62%).
The S&P 500 and Nasdaq Composite both posted modest gains, contrasting with Nike's decline.
Analysts cite profit decline, weak revenue outlook, and softness in China as key concerns.

Nike's stock closed at $44.19 on Thursday, a 1.00% decline, as analysts continued to cut price targets for the global sportswear brand. Over 20 analysts have adjusted their estimates downward in the two trading days following Nike's Q3 earnings report. The company faces scrutiny over a recent profit decline, a weak revenue outlook, and softness in its Chinese market. Trading volume surged to 59.4 million shares, significantly higher than its three-month average of 18.5 million shares. While the S&P 500 and Nasdaq Composite both posted modest gains, Nike's performance lagged behind its broader market counterparts. Peers Adidas and Puma also saw declines, with Adidas closing at $78.13 (-1.67%) and Puma at $2.48 (-4.62%), indicating broader pressure on the athletic footwear and apparel industry.