Barclays Lowers Nike Price Target but Keeps Overweight Rating
On October 5, 2026, Barclays analyst Adrienne Yih maintained an Overweight rating for Nike Inc. (NKE) but lowered the price target from $48.00 to $37.00, marking a 22.92% decrease. The adjustment comes amid ongoing scrutiny of Nike’s market performance in a fluctuating economic climate. Despite the reduced price target, the Overweight rating suggests analysts still see potential in Nike’s stock.
According to GuruFocus, Nike’s current stock price of $33.34 is significantly undervalued, trading at a 51.8% discount compared to its GF Value™ of $69.21. The company’s GF Score™ stands at 66 out of 100, reflecting solid financial strength (7/10) and profitability (7/10), but weaker growth (4/10) and momentum (2/10).
Institutional investors show mixed sentiment, with 15 gurus holding shares of Nike, 8 adding to their positions, and 6 trimming holdings. Insider activity indicates a sell value of $771,333 over the past three months, suggesting caution among insiders regarding the company’s near-term prospects.
Investors should weigh Nike’s undervaluation and financial strength against the cautious outlook from analysts and lower growth momentum when evaluating their positions in the stock.