Nike Price Target Cut by Robert W. Baird Amid Lower Fiscal Guidance

Nike (NKE) has seen its price objective cut by Robert W. Baird from $44.00 to $36.00 in a recent report, which suggests a potential upside of 2.72% from the current stock price. The firm maintains a 'neutral' rating on Nike's stock.

This is not the only adjustment made to Nike's price target recently; UBS Group set a $42.00 objective and gave the company a 'neutral' rating, while China Renaissance dropped its target price on Nike from $50.30 to $47.30 with a 'hold' rating. Zacks Research upgraded Nike from a 'strong sell' rating to a 'hold' rating in a research report.

Nike's fiscal 2027 guidance is set at 1.150-1.350 EPS, and analysts anticipate the company will post 1.61 earnings per share for the current fiscal year. Insiders have sold 14,974 shares of Nike stock valued at $600,126 in the last 90 days.