Nike Stock Insights: Analysts Reflect on NKE Price Targets
Nike Stock Performance Overview
Nike (NYSE: NKE) closed Thursday, December 12, at $77.96, down $0.89, or 1.13%, as Wall Street weighed fresh price target revisions and anticipated new CEO Elliott Hill’s debut on the upcoming earnings call. While the long-term trend for Nike remains negative, we note that the short-term picture is neutral, trading within a range between $72.71 and $81.18.
- Resistance levels are observed between $78.38 and $79.36.
- Support zones hover around $76.99 and $77.30.
Analysts Weigh In on Nike Stock
Nike’s stock price and investor sentiment face challenges, as key analysts revise their outlooks. Citi analyst Paul Lejuez maintains a Buy rating on Nike with a price target of $102, stressing short-term pain associated with inventory clearance.
Lejuez commented: “We expect 2Q25 EPS (12/19 AMC) of $0.58 vs cons $0.64 driven by weaker GM. Investor uncertainty is high due to new CEO Elliott Hill's first call, coupled with elevated promotions across the marketplace.
In contrast, Morgan Stanley’s analyst Alex Straton adopts a cautious tone, lowering the price target to $80 while maintaining an Equalweight rating. Straton stated,
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