NIKE today
- 52 week range
- $70.32
▼
$107.43
- Dividend yield
- 2.26%
- P/E ratio
- 21.88
- Target price
- $89.96
Sports giant shares Nike Inc. NYSE: FROM shares have was in sharp decline more than 2 years, loss a staggering 60% from its all-time high at the end of 2021. As we head towards the first couple from Several weeks into the new year, they are still struggling to find buyers, trading at levels last seen in 2018. Wall Street is watch closely Oregon-headquartered company as pressure to turn things around intensifies.
But for those of us on the sidelines, this may be the perfect time to start paying attention. Despite the brutal downtrend, there are several reasons to believe that 2025 could mark the start of an economic downturn. massive comeback rally in support of Nike. Let’s jump in and take a look.
Elliot Hill takes over as CEO: a new era for Nike?
Starting with Nike’s fundamental results, 2024 was mixed bagto put it mildly. Although the company delivered strong results that beat the headlines during the year, profitability continued to suffer due to rising costs and falling revenues. increasingly competitive market. However, Nike ended the year on a high note, beating expectations with its latest earnings report in December.
This year-end momentum is a positive sign for investors, even as earnings remain down year-over-year. Adding to the optimism, Nike recently named Elliot Hill as its new CEO, a move that has analysts and investors excited. Hill has a reputation for improving operational efficiency and revitalizing struggling brands, so February earnings report will watch closely to see if its influence is already having an impact.
Bullish Analyst Increases Confidence in Nike’s Improvement
NIKE stock forecast for today
$89.96
Growth potential 26.91%Moderate purchase
Based on ratings from 30 analysts
| High forecast | US$120.00 |
|---|---|
| Average forecast | $89.96 |
| Low forecast | $70.00 |
NIKE stock forecast details
To the potential rotation is added Nike has received a wave of bullish news from analysts in recent weeks. In a note to clients: Last Friday, the Piper Sandler team upgraded its rating on Nike from Neutral to Outperform, setting new target price in the amount of 90 dollars. From the stock’s closing level on Friday, this indicates a target upside of approximately 30%.
Piper Sandler isn’t alone in her optimism. DA Davidson, Truist Financial and Robert W. Baird all rated Nike Buy in December, underscoring their confidence in the company’s ability to bounce back. Piper Sandler analysts are particularly encouraged by CEO Elliot Hill’s “increased urgency” in addressing Nike’s challenges.and also the expectation is that the company will return to profitable growth by the end of 2025. For investors who like to get in on the ground floor of a potential rally, it looks like attractive entry point.
The risks of an economic downturn: why some analysts are calling for caution
Of course, no improvement story comes without risks. Stocks started 2025 with six straight days of declines, a streak that underscores just how much bears are still in control.
Additionally, while many analysts are optimistic, not everyone is convinced. December also saw several repeats of “Hold” and “Neutral” from analysts urging caution. They are waiting to see if the new CEO can deliver. real results before making any big bets, and some are concerned about continued pressure on Nike’s earnings.
Why Nike’s Current Structure Is Attractive to Bargain-Seeking Investors
These are valid concerns, but for investors who love good deals there, there is many Now I like it more than I don’t like it. Even Nike’s technical preparation is another reason to be optimistic about the comeback. The stock’s Relative Strength Index (RSI) currently stands at 28. signal that it is extremely oversold and likely poised to see a rebound.
Additionally, the stock is testing a long-term support level that dates back fully Let’s go back to 2018. This area should provide a solid foundation on which bulls can build, especially as broader market conditions improve.
For those of us who are happy to support the optimistic forecast of analyststhis looks like an incredible entry opportunity. Thanks to a compelling combination of strengthening fundamentals, bullish analyst sentiment and technical signals indicating oversold conditions, there are So plenty of reasons to be excited about Nike in 2025.
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