NIKE (NKE) Stock Forecast, Price Target & Predictions
NKE Stock Forecast
NIKE stock forecast is as follows: an average price target of $108.82 (represents a 37.73% upside from NKE’s last price of $79.01) and a rating consensus of 'Buy', based on 38 wall street analysts offering a 1-year stock forecast.
NKE Price Target
The average price target for NIKE (NKE) is $108.82 based on 1-year price targets from 38 Wall Street analysts in the past 3 months, with a price target range of $182.00 to $51.00. This represents a potential 37.73% upside from NKE's last price of $79.01.
NKE Analyst Ratings
According to 38 Wall Street analysts, NIKE's rating consensus is 'Buy'. The analyst rating breakdown for NKE stock is 0 'Strong Buy' (0.00%), 22 'Buy' (57.89%), 16 'Hold' (42.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
NIKE Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 10, 2024 | Paul Lejuez | Citigroup | $102.00 | $77.75 | 31.20% | 29.10% |
| Sep 05, 2024 | Erwan Rambourg | HSBC | $95.00 | $81.02 | 17.25% | 20.24% |
| Aug 26, 2024 | Jim Duffy | Stifel Nicolaus | $79.00 | $84.05 | -6.01% | -0.01% |
| Aug 16, 2024 | Sam Poser | Williams Trading | $93.00 | $83.62 | 11.22% | 17.71% |
| Jul 12, 2024 | Zachary Warring | CFRA | $89.00 | $73.42 | 21.22% | 12.64% |
| Jul 02, 2024 | Piral Dadhania | RBC Capital | $75.00 | $76.83 | -2.38% | -5.08% |
| Jun 30, 2024 | Ike Boruchow | Wells Fargo | $86.00 | $75.37 | 14.10% | 8.85% |
| Jun 29, 2024 | Aneesha Sherman | Bernstein | $112.00 | $75.37 | 48.60% | 41.75% |
| Jun 28, 2024 | Jenny Liu | KGI Securities | $86.00 | $76.21 | 12.84% | 8.85% |
| Jun 28, 2024 | Zachary Warring | CFRA | $83.00 | $75.37 | 10.12% | 5.05% |
The latest NIKE stock forecast, released on Sep 10, 2024 by Paul Lejuez from Citigroup, set a price target of $102.00, which represents a 31.20% increase from the stock price at the time of the forecast ($77.75), and a 29.10% increase from NKE last price ($79.01).
NIKE Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 24 | 54 |
| Avg Price Target | $92.25 | $93.21 | $105.76 |
| Last Closing Price | $79.01 | $79.01 | $79.01 |
| Upside/Downside | 16.76% | 17.97% | 33.86% |
In the current month, the average price target of NIKE stock is $92.25, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 16.76% increase as opposed to NIKE's last price of $79.01. This month's average price target is down -1.03% compared to last quarter, and down -12.77% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 10, 2024 | Citigroup | Buy | Buy | Hold |
| Sep 05, 2024 | HSBC | Hold | Hold | Hold |
| Aug 16, 2024 | Williams Capital | Sector Perform | Sector Perform | Hold |
| Jul 25, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Jul 03, 2024 | Citigroup | Buy | Sell | Downgrade |
| Jul 03, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Jul 03, 2024 | Wedbush | Outperform | Outperform | Hold |
| Jul 03, 2024 | Susquehanna | Positive | Positive | Hold |
| Jul 03, 2024 | UBS | Neutral | Neutral | Hold |
| Jul 03, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
NIKE's last stock rating was published by Citigroup on Sep 10, 2024. The company gave NKE a "Buy" rating, the same as its previous rate.
NIKE Financial Forecast
NIKE Revenue Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.94B | $12.82B | - | - | $12.69B | $12.23B | - | $11.36B | $12.25B | $12.34B | - | $11.24B | $10.59B | $6.31B | - |
| Avg Forecast | $14.54B | $13.94B | $14.39B | $13.03B | $13.27B | $12.70B | $13.07B | $12.18B | $12.62B | $12.09B | $12.48B | $11.65B | $12.86B | $12.28B | $13.39B | $13.00B | $12.58B | $11.48B | $12.58B | $12.99B | $12.07B | $10.60B | $11.25B | $12.47B | $11.03B | $11.01B | $10.55B | $9.13B | $7.30B | $9.80B |
| High Forecast | $14.54B | $13.94B | $14.39B | $13.03B | $13.27B | $12.70B | $13.07B | $12.18B | $12.62B | $12.09B | $12.48B | $11.71B | $12.86B | $12.28B | $13.53B | $13.00B | $12.58B | $11.48B | $12.58B | $15.59B | $14.49B | $10.75B | $11.41B | $12.65B | $11.19B | $11.17B | $10.70B | $9.26B | $7.40B | $9.94B |
| Low Forecast | $14.54B | $13.94B | $14.39B | $13.03B | $13.27B | $12.70B | $13.07B | $12.18B | $12.62B | $12.09B | $12.48B | $11.60B | $12.86B | $12.28B | $13.13B | $13.00B | $12.58B | $11.48B | $12.58B | $10.39B | $9.66B | $10.39B | $11.03B | $12.23B | $10.81B | $10.79B | $10.34B | $8.95B | $7.15B | $9.61B |
| # Analysts | 9 | 9 | 9 | 9 | 13 | 15 | 17 | 8 | 8 | 8 | 12 | 19 | 9 | 12 | 17 | 14 | 8 | 16 | 8 | 19 | 10 | 7 | 16 | 8 | 9 | 8 | 9 | 9 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | - | - | 0.98% | 1.01% | - | 1.01% | 0.98% | 1.12% | - | 1.07% | 1.16% | 0.87% | - |
NIKE's average Quarter revenue forecast for Dec 23 based on 17 analysts is $13.39B, with a low forecast of $13.13B, and a high forecast of $13.53B. NKE's average Quarter revenue forecast represents a 3.50% increase compared to the company's last Quarter revenue of $12.94B (Aug 23).
NIKE EBITDA Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 15 | 17 | 8 | 8 | 8 | 12 | 19 | 9 | 12 | 17 | 14 | 8 | 16 | 8 | 19 | 10 | 7 | 16 | 8 | 9 | 8 | 9 | 9 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.60B | $1.22B | - | - | $1.70B | $1.47B | - | $1.69B | $2.27B | $2.08B | - | $1.70B | $1.93B | $-581.00M | - |
| Avg Forecast | $1.87B | $1.80B | $1.85B | $1.68B | $1.71B | $1.64B | $1.68B | $1.57B | $1.63B | $1.56B | $1.61B | $1.50B | $1.66B | $1.69B | $1.73B | $1.68B | $1.62B | $1.53B | $1.62B | $2.41B | $1.45B | $1.39B | $1.16B | $2.19B | $2.04B | $1.43B | $1.30B | $1.72B | $-4.86B | $1.56B |
| High Forecast | $1.87B | $1.80B | $1.85B | $1.68B | $1.71B | $1.64B | $1.68B | $1.57B | $1.63B | $1.56B | $1.61B | $1.51B | $1.66B | $2.02B | $1.74B | $1.68B | $1.62B | $1.84B | $1.62B | $2.89B | $1.74B | $1.67B | $1.39B | $2.63B | $2.45B | $1.71B | $1.56B | $2.06B | $-3.88B | $1.87B |
| Low Forecast | $1.87B | $1.80B | $1.85B | $1.68B | $1.71B | $1.64B | $1.68B | $1.57B | $1.63B | $1.56B | $1.61B | $1.49B | $1.66B | $1.35B | $1.69B | $1.68B | $1.62B | $1.23B | $1.62B | $1.93B | $1.16B | $1.12B | $924.98M | $1.75B | $1.63B | $1.14B | $1.04B | $1.37B | $-5.83B | $1.25B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.75% | - | - | 0.70% | 1.01% | - | 1.47% | 1.04% | 1.02% | - | 1.31% | 1.13% | 0.12% | - |
17 analysts predict NKE's average Quarter EBITDA for Dec 23 to be $1.73B, with a high of $1.74B and a low of $1.69B. This is 7.58% upper than NIKE's previous annual EBITDA (Aug 23) of $1.60B.
NIKE Net Income Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 15 | 17 | 8 | 8 | 8 | 12 | 19 | 9 | 12 | 17 | 14 | 8 | 16 | 8 | 19 | 10 | 7 | 16 | 8 | 9 | 8 | 9 | 9 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.45B | $1.03B | - | - | $1.47B | $1.44B | - | $1.34B | $1.87B | $1.51B | - | $1.25B | $1.52B | $-790.00M | - |
| Avg Forecast | $1.77B | $1.68B | $1.58B | $1.05B | $1.50B | $1.39B | $1.43B | $1.00B | $1.34B | $1.26B | $1.26B | $792.32M | $1.27B | $1.31B | $1.27B | $1.15B | $1.03B | $1.19B | $976.91M | $1.99B | $1.28B | $1.08B | $912.56M | $1.81B | $1.48B | $1.18B | $953.14M | $1.35B | $-6.60B | $933.14M |
| High Forecast | $1.77B | $1.68B | $1.58B | $1.05B | $1.50B | $1.39B | $1.43B | $1.00B | $1.34B | $1.26B | $1.26B | $959.93M | $1.27B | $1.57B | $1.34B | $1.15B | $1.03B | $1.43B | $976.91M | $2.39B | $1.53B | $1.30B | $1.10B | $2.17B | $1.78B | $1.42B | $1.14B | $1.62B | $-5.28B | $1.12B |
| Low Forecast | $1.77B | $1.68B | $1.58B | $1.05B | $1.50B | $1.39B | $1.43B | $1.00B | $1.34B | $1.26B | $1.26B | $716.14M | $1.27B | $1.05B | $1.20B | $1.15B | $1.03B | $951.64M | $976.91M | $1.59B | $1.02B | $865.13M | $730.04M | $1.45B | $1.19B | $945.66M | $762.51M | $1.08B | $-7.92B | $746.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.26% | 1.00% | - | - | 0.74% | 1.13% | - | 1.47% | 1.04% | 1.02% | - | 1.31% | 1.13% | 0.12% | - |
NIKE's average Quarter net income forecast for Dec 23 is $1.27B, with a range of $1.20B to $1.34B. NKE's average Quarter net income forecast represents a -12.09% decrease compared to the company's last Quarter net income of $1.45B (Aug 23).
NIKE SG&A Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 15 | 17 | 8 | 8 | 8 | 12 | 19 | 9 | 12 | 17 | 14 | 8 | 16 | 8 | 19 | 10 | 7 | 16 | 8 | 9 | 8 | 9 | 9 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.07B | $4.37B | - | - | $3.92B | $4.04B | - | $3.76B | $3.57B | $3.74B | - | $3.27B | $2.98B | $3.19B | - |
| Avg Forecast | $4.64B | $4.45B | $4.59B | $4.16B | $4.24B | $4.05B | $4.17B | $3.89B | $4.03B | $3.86B | $3.98B | $3.72B | $4.10B | $3.22B | $4.27B | $4.15B | $4.01B | $2.93B | $4.01B | $3.79B | $3.59B | $2.66B | $2.57B | $3.44B | $3.68B | $2.48B | $2.49B | $2.64B | $2.34B | $3.62B |
| High Forecast | $4.64B | $4.45B | $4.59B | $4.16B | $4.24B | $4.05B | $4.17B | $3.89B | $4.03B | $3.86B | $3.98B | $3.73B | $4.10B | $3.87B | $4.32B | $4.15B | $4.01B | $3.52B | $4.01B | $4.55B | $4.30B | $3.20B | $3.08B | $4.13B | $4.41B | $2.98B | $2.99B | $3.17B | $2.38B | $4.34B |
| Low Forecast | $4.64B | $4.45B | $4.59B | $4.16B | $4.24B | $4.05B | $4.17B | $3.89B | $4.03B | $3.86B | $3.98B | $3.70B | $4.10B | $2.58B | $4.19B | $4.15B | $4.01B | $2.34B | $4.01B | $3.03B | $2.87B | $2.13B | $2.05B | $2.76B | $2.94B | $1.98B | $1.99B | $2.11B | $2.30B | $2.89B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.26% | 1.09% | - | - | 1.03% | 1.13% | - | 1.47% | 1.04% | 1.02% | - | 1.31% | 1.13% | 1.36% | - |
NIKE's average Quarter SG&A projection for Dec 23 is $4.27B, based on 17 Wall Street analysts, with a range of $4.19B to $4.32B. The forecast indicates a 299.72% rise compared to NKE last annual SG&A of $1.07B (Aug 23).
NIKE EPS Forecast
| May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 13 | 15 | 17 | 8 | 8 | 8 | 12 | 19 | 9 | 12 | 17 | 14 | 8 | 16 | 8 | 19 | 10 | 7 | 16 | 8 | 9 | 8 | 9 | 9 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.95 | $0.67 | - | - | $0.94 | $0.91 | - | $0.84 | $1.18 | $0.96 | - | $0.80 | $0.97 | $-0.51 | - |
| Avg Forecast | $1.17 | $1.11 | $1.04 | $0.69 | $0.99 | $0.92 | $0.94 | $0.66 | $0.88 | $0.83 | $0.83 | $0.52 | $0.84 | $0.75 | $0.84 | $0.76 | $0.68 | $0.56 | $0.64 | $1.27 | $1.15 | $0.71 | $0.63 | $1.12 | $0.51 | $0.76 | $0.63 | $0.47 | $0.09 | $0.59 |
| High Forecast | $1.17 | $1.11 | $1.04 | $0.69 | $0.99 | $0.92 | $0.94 | $0.66 | $0.88 | $0.83 | $0.83 | $0.63 | $0.84 | $0.75 | $0.88 | $0.76 | $0.68 | $0.56 | $0.64 | $1.27 | $1.18 | $0.73 | $0.64 | $1.14 | $0.52 | $0.78 | $0.64 | $0.48 | $0.09 | $0.60 |
| Low Forecast | $1.17 | $1.11 | $1.04 | $0.69 | $0.99 | $0.92 | $0.94 | $0.66 | $0.88 | $0.83 | $0.83 | $0.47 | $0.84 | $0.75 | $0.79 | $0.76 | $0.68 | $0.56 | $0.64 | $1.27 | $1.12 | $0.69 | $0.61 | $1.09 | $0.50 | $0.74 | $0.61 | $0.46 | $0.09 | $0.57 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.26% | 0.99% | - | - | 0.74% | 0.79% | - | 1.33% | 1.05% | 1.88% | - | 1.28% | 2.06% | -5.73% | - |
According to 17 Wall Street analysts, NIKE's projected average Quarter EPS for Dec 23 is $0.84, with a low estimate of $0.79 and a high estimate of $0.88. This represents a -11.53% decrease compared to NKE previous annual EPS of $0.95 (Aug 23).
NIKE Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DBI | Designer Brands | $5.81 | $13.33 | 129.43% | Hold |
| NKE | NIKE | $79.01 | $108.82 | 37.73% | Buy |
| CROX | Crocs | $128.77 | $147.36 | 14.44% | Buy |
| SKX | Skechers U. | $67.30 | $71.77 | 6.64% | Buy |
| DECK | Deckers Outdoor | $935.07 | $976.63 | 4.44% | Buy |
| SHOO | Steven Madden | $45.61 | $46.00 | 0.86% | Hold |
| ONON | On | $48.63 | $43.47 | -10.61% | Buy |
NKE Forecast FAQ
Is NIKE a good buy?
Yes, according to 38 Wall Street analysts, NIKE (NKE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 22 'Buy' recommendations, accounting for 57.89% of NKE's total ratings.
What is NKE's price target?
NIKE (NKE) average price target is $108.82 with a range of $51 to $182, implying a 37.73% from its last price of $79.01. The data is based on 38 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will NIKE stock go up soon?
According to Wall Street analysts' prediction for NKE stock, the company can go up by 37.73% (from the last price of $79.01 to the average price target of $108.82), up by 130.35% based on the highest stock price target, and down by -35.45% based on the lowest stock price target.
Can NIKE stock reach $120?
NKE's highest twelve months analyst stock price target of $182 supports the claim that NIKE can reach $120 in the near future.
What is NIKE's current price target trend?
4 Wall Street analysts forecast a $92.25 price target for NIKE (NKE) this month, up 16.76% from its last price of $79.01. Compared to the last 3 and 12 months, the average price target increased by 17.97% and increased by 33.86%, respectively.
What are NIKE's analysts' financial forecasts?
NIKE's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $51.22B (high $51.22B, low $51.22B), average EBITDA is $6.6B (high $6.6B, low $6.6B), average net income is $5.32B (high $5.32B, low $5.32B), average SG&A $16.34B (high $16.34B, low $16.34B), and average EPS is $3.51 (high $3.51, low $3.51). NKE's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $55.9B (high $55.9B, low $55.9B), average EBITDA is $7.2B (high $7.2B, low $7.2B), average net income is $6.08B (high $6.08B, low $6.08B), average SG&A $17.84B (high $17.84B, low $17.84B), and average EPS is $4.01 (high $4.01, low $4.01).
Did the NKE's actual financial results beat the analysts' financial forecasts?
Based on NIKE's last annual report (May 2023), the company's revenue was $51.22B, beating the average analysts forecast of $49.63B by 3.19%. Apple's EBITDA was $5.92B, missing the average prediction of $7.19B by -17.71%. The company's net income was $5.07B, missing the average estimation of $5.18B by -2.15%. Apple's SG&A was $16.38B, beating the average forecast of $14.75B by 11.05%. Lastly, the company's EPS was $3.27, beating the average prediction of $3.15 by 3.87%. In terms of the last quarterly report (Aug 2023), NIKE's revenue was $12.94B, missing the average analysts' forecast of $13B by -0.47%. The company's EBITDA was $1.6B, missing the average prediction of $1.68B by -4.25%. NIKE's net income was $1.45B, beating the average estimation of $1.15B by 26.49%. The company's SG&A was $1.07B, missing the average forecast of $4.15B by -74.23%. Lastly, the company's EPS was $0.95, beating the average prediction of $0.756 by 25.70%