Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Stocks

Nike Stock Plummets as Analyst Warns of Prolonged Revenue Weakness

Guavy AI Editorial Team
Instruments
NKE
Share

Nike's stock has come under pressure after Bank of America analyst Lorraine Hutchinson downgraded the company to 'underperform'.

Hutchinson lowered her price target on NKE to $30, indicating potential downside of another 15% from current levels.

The bearish call is significant given Nike stock has already been a disappointment for investors in 2026, currently down some 45% versus its year-to-date high.

Hutchinson's view on NKE shares is rooted in expectations of prolonged revenue weakness across major athletic footwear segments.

More on Stocks

Stocks 7m ago

Home Depot's SRS Unit Shows Signs of Growth Amid Sluggish Housing Market

Stocks 9m ago

Nadella Defends Xbox Layoffs Amid Criticism Over Microsoft's AI Strategy

Stocks 9m ago

Microsoft Unveils Autopilot, AI Agent with Human-Controlled Autonomy

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy