Nike Inc. ($NKE) Stock Forecast: Down 6.1% Today

What is Nike Inc.?

Nike Inc. (NYSE: NKE) is a renowned multinational corporation renowned for its athletic footwear, apparel, equipment, and accessories.

Why is Nike Inc. going down?

NKE stock is down 6.1% on Mar 21, 2025 16:42

• Nike stock saw a significant drop today, reaching new 52-week lows, in response to its recent quarterly financial report which highlighted its weakest footwear revenue in more than ten years.
• Concerns have been raised by analysts regarding Nike's restructuring efforts, suggesting that a positive recovery may be a slow process.
• Despite surpassing expectations for third-quarter earnings and revenue, the bleak forecast for the fourth quarter has contributed to the prevailing pessimism surrounding Nike stock.
• The ongoing investigation into potential legal claims concerning Nike-themed NFTs issued by RTFKT, Inc. has further heightened uncertainty and downward pressure on the stock.

NKE Price Chart

NKE Technical Analysis

NKE News

Nike Stock Hits 52-Week Low As Analyst Warns Bullish Turnaround 'Will Take Time' - Nike ( NYSE:NKE )

Nike stock hit new 52-week lows on Friday after the company reported quarterly financial results. Analysts break down the company's recovery and turnaround efforts. Pelosi's latest AI pick skyrocketed 169% in just one month.

https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44439826/nike-stock-hits-52-week-low-as-analyst-warns-bullish-turnaround-will-take-time

These Analysts Cut Their Forecasts On Nike Following Q3 Results - Nike ( NYSE:NKE )

Nike Inc NKE reported better-than-expected financial results for the third quarter of fiscal 2025 on Thursday. Nike reported third-quarter revenue of $11.27 billion, beating analyst estimates of $11.01 billion.

https://www.benzinga.com/25/03/44436364/these-analysts-cut-their-forecasts-on-nike-following-q3-results

FedEx, Nike And 3 Stocks To Watch Heading Into Friday - FedEx ( NYSE:FDX ) , Carnival ( NYSE:CCL )

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects NIO Inc. NIO to report a quarterly loss at 42 cents per share on revenue of $2.85 billion before the opening bell, according to data from ...

https://www.benzinga.com/25/03/44431348/fedex-nike-and-3-stocks-to-watch-heading-into-friday

Bill Ackman-Backed Nike Reports Worst Footwear Revenue In More Than A Decade, Takes Action To Continue 'Liquidating Inventory' Amid Grim Outlook - Nike ( NYSE:NKE ) , SPDR S&P 500 ( ARCA:SPY )

Nike Inc. NKE reported its worst footwear revenue in over a decade as the company transitions under its new CEO. The athletic footwear and apparel company beat its third-quarter earnings and revenue expectations while issuing a disappointing outlook for the fourth quarter.

https://www.benzinga.com/25/03/44430536/bill-ackman-backed-nike-reports-worst-footwear-revenue-in-more-than-a-decade-takes-action-to-continue-liquidating

RTFKT, Inc. Announcement: If You Have Suffered Losses in Nike NFTs Issued by RTFKT, Inc., You Are Encouraged to Contact The Rosen Law Firm About Your Rights

NEW YORK, March 20, 2025 ( GLOBE NEWSWIRE ) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential state and federal law claims on behalf of purchasers of Nike-themed non-fungible tokens ( "NFTs" ) , crypto collectibles, or other crypto assets ( ...

https://www.benzinga.com/pressreleases/25/03/g44428754/rtfkt-inc-announcement-if-you-have-suffered-losses-in-nike-nfts-issued-by-rtfkt-inc-you-are-encour

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Nike Inc. Price History

20.08.2024 - NKE Stock was up 6.2%

• Following the announcement of Elliott Hill as the new CEO, Nike's stock witnessed a strong bullish movement, underpinned by a focus on repairing retailer relations.
• Investor sentiment towards the company's strategy to rejuvenate sales was positive, reflecting a market response that favored the CEO transition.
• The selection of a company veteran to helm Nike indicates a commitment to continuity in vision and growth priorities.
• Despite encountering resistance around $88.50, the overall outlook on Nike appears upbeat, with the stock outperforming the market on the day.

20.08.2024 - NKE Stock was up 5.7%

• Nike's stock experienced a strong bullish movement following the announcement of Elliott Hill as the new CEO, signaling a positive market sentiment towards the leadership change.
• The focus on repairing retailer relations under Hill's leadership is likely seen as a strategic move to boost sales and strengthen partnerships within the industry.
• The market's positive reaction to the CEO transition reflects investor confidence in Nike's ability to navigate challenges and drive growth under new leadership.
• This shift in management could potentially lead to new strategies and initiatives that investors believe will drive the company's performance and enhance shareholder value in the long term.

04.01.2025 - NKE Stock was up 5.2%

• Despite recent concerns about Nike's performance, the stock displayed significant upward momentum today.
• The positive market response could be attributed to speculated turnaround strategies that resonated well with investors.
• Investors may have viewed the recent stock price decline as an advantageous buying opportunity, thereby fueling increased demand and driving the upward movement.
• The bullish trend seen in Nike's stock today likely resulted from a confluence of factors, encompassing investor confidence, potential strategic shifts, and market influences.

02.09.2024 - NKE Stock was down 6.5%

• First-quarter revenue for Nike was slightly below analyst estimates, resulting in a bearish movement in the stock.
• The company is currently going through a reset phase due to criticism over innovation and market share loss to competitors.
• Investor uncertainty and negative market sentiment may be linked to the recent CEO transition at Nike.
• Despite the recent downturn, Nike has a history of outperforming the market, indicating long-term growth potential.

02.09.2024 - NKE Stock was down 6.0%

• Nike's first-quarter financial results fell short of analyst expectations, with revenue missing estimates, leading to a bearish sentiment among investors.
• The incoming CEO's turnaround efforts are anticipated to take longer than initially projected, adding to the uncertainty surrounding the stock.
• Foot Locker's stock also declined in sympathy with Nike, reflecting a broader trend in the footwear and athletic apparel sector.
• The overall market sentiment was negative, with U.S. stock futures trading lower, further contributing to the downward pressure on Nike's stock price.

02.09.2024 - NKE Stock was down 6.4%

• Following its first-quarter financial results, Nike's stock faced a downward trend due to a revenue shortfall compared to analysts' expectations.
• Several analysts have lowered their price targets for Nike, signaling a decreased confidence in the company's immediate performance.
• The underperformance of Nike has had a ripple effect on other firms in the footwear and athletic apparel sector, including Under Armour and Foot Locker, which have also witnessed declines in their stock values in correlation to Nike's situation.
• Investor sentiment appears cautious regarding Nike's capability to address upcoming challenges under the new leadership of CEO Elliot Hill, reflecting a sense of apprehension about the company's future prospects.

15.07.2024 - NKE Stock was up 5.2%

• Nike's shares jumped by 3.3% in after-hours trading following news that a prominent investor built a stake in the company.
• The market reacted positively to the news of the investor showing confidence in Nike, indicating a boost in investor sentiment and confidence in the company's future prospects.
• The investor's move to take new stakes in Nike could have signaled to the market that there are potential growth opportunities and value in the company, leading to increased buying interest and driving the stock price higher.
• This bullish movement reflects the market's positive outlook on Nike's performance and potential for growth, fueled by the endorsement from a high-profile investor.

07.01.2025 - NKE Stock was down 6.1%

• Adjustments in analysts' ratings and alterations in Nike's future prospects might have impacted investor confidence, resulting in the stock's decline.
• Although Nike has exceeded market performance in the last two decades, current market conditions and analyst decisions could have contributed to its recent drop.
• Despite a surge in optimistic options trading on Nike, it may not have sufficed to counterbalance prevailing negative market sentiment.
• The stock's steeper descent compared to the broader market suggests internal company factors could have intensified the downturn.

07.01.2025 - NKE Stock was down 6.5%

• The bearish movement in Nike's stock today can be attributed to a combination of factors:
• Nike's stock fell more than the broader market, indicating a -1.83% decline from the previous day's close. This underperformance may have spooked investors and triggered selling pressure.
• Concerns about Nike's growth trajectory have been raised, with supply-chain issues, rising costs, and weak sales in key markets weighing on its performance. These factors could be contributing to the negative sentiment surrounding the stock.
• The options frenzy observed among investors, with a bullish stance on Nike, may not have been enough to offset the broader market concerns and specific challenges facing the company.
• The fall below the 50 and 200-day moving averages could be seen as a technical signal of trouble ahead, prompting further selling among traders and investors looking to cut their losses or take profits.

11.02.2025 - NKE Stock was down 6.1%

• The bearish movement in Nike's stock today can be attributed to recent forecasts of continued pressure on profits in the sneaker industry, particularly highlighting discounts impacting Nike.
• Despite the overall market gaining, Nike lagged behind, possibly due to concerns raised by recent results, signaling ongoing challenges in the industry.
• The bullish options activity on Nike indicates some investors remain optimistic about the company's future prospects, suggesting a potential divergence in sentiment among market participants.

21.02.2025 - NKE Stock was down 9.7%

• Nike reported its worst footwear revenue in over a decade, despite beating third-quarter earnings and revenue expectations. This grim outlook for the fourth quarter likely contributed to the bearish movement in the stock.
• The investigation by law firms into potential claims related to Nike-themed NFTs issued by RTFKT, Inc. may have added to investor concerns and negatively impacted the stock price.
• Despite surpassing earnings and revenue estimates in Q3, the disappointing outlook for the future and ongoing investigations seem to have overshadowed the positive results, leading to the bearish market movement in Nike's stock today.

21.02.2025 - NKE Stock was down 6.1%

• Nike stock saw a significant drop today, reaching new 52-week lows, in response to its recent quarterly financial report which highlighted its weakest footwear revenue in more than ten years.
• Concerns have been raised by analysts regarding Nike's restructuring efforts, suggesting that a positive recovery may be a slow process.
• Despite surpassing expectations for third-quarter earnings and revenue, the bleak forecast for the fourth quarter has contributed to the prevailing pessimism surrounding Nike stock.
• The ongoing investigation into potential legal claims concerning Nike-themed NFTs issued by RTFKT, Inc. has further heightened uncertainty and downward pressure on the stock.