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NIKE (NKE) Stock Forecast, Price Target & Predictions

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NKE Stock Forecast

NIKE stock forecast is as follows: an average price target of $106.00 (represents a 41.15% upside from NKE’s last price of $75.10) and a rating consensus of 'Buy', based on 39 wall street analysts offering a 1-year stock forecast.

NKE Price Target

The average price target for NIKE (NKE) is $106.00 based on 1-year price targets from 39 Wall Street analysts in the past 3 months, with a price target range of $182.00 to $51.00. This represents a potential 41.15% upside from NKE's last price of $75.10.

NKE Analyst Ratings

Buy

According to 39 Wall Street analysts, NIKE's rating consensus is 'Buy'. The analyst rating breakdown for NKE stock is 0 'Strong Buy' (0.00%), 20 'Buy' (51.28%), 19 'Hold' (48.72%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

NIKE Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 10, 2024Katherine GriffinGriffin--9.26%19.84%
Oct 10, 2024Joseph CivelloTruist Financial--17.65%29.16%
Oct 02, 2024Joseph CivelloTruist Financial---6.88%10.52%
Oct 02, 2024Jay SoleUBS---8.00%9.19%
Sep 30, 2024Randal KonikJefferies---4.96%13.18%
Sep 25, 2024Piral DadhaniaRBC Capital---2.81%13.18%
Sep 25, 2024Alex StratonMorgan Stanley---6.24%9.19%
Sep 20, 2024Lorraine HutchinsonBank of America Securities--20.97%38.48%
Sep 20, 2024Simeon SiegelBMO Capital--6.88%22.50%
Sep 20, 2024Anna AndreevaPiper Sandler---6.89%6.52%
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The latest NIKE stock forecast, released on Oct 10, 2024 by Katherine Griffin from Griffin, set a price target of $90.00, which represents a 9.26% increase from the stock price at the time of the forecast ($82.37), and a 19.84% increase from NKE last price ($75.10).

NIKE Price Target by Period

1M3M12M
# Anlaysts-1765
Avg Price Target-$90.82$101.72
Last Closing Price$75.10$75.10$75.10
Upside/Downside-100.00%20.93%35.45%

In the current month, the average price target of NIKE stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to NIKE's last price of $75.10. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2024BernsteinOutperformOutperformHold
Oct 11, 2024Piper SandlerNeutralNeutralHold
Oct 10, 2024Wells FargoSector PerformSector PerformHold
Oct 02, 2024UBSNeutralNeutralHold
Sep 30, 2024JefferiesHoldHoldHold
Sep 25, 2024Goldman SachsBuyBuyHold
Sep 25, 2024BernsteinNegativeNegativeHold
Sep 20, 2024KeyBancSector WeightSector WeightHold
Sep 20, 2024RBC CapitalSector PerformSector PerformHold
Sep 20, 2024Bank of America SecuritiesBuyBuyHold
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NIKE's last stock rating was published by Bernstein on Oct 14, 2024. The company gave NKE a "Outperform" rating, the same as its previous rate.

NIKE Financial Forecast

NIKE Revenue Forecast

May 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
Revenue---------------$12.94B$12.82B--$12.69B$12.23B--$12.25B$12.34B--$10.59B$6.31B-
Avg Forecast$13.52B$13.05B$13.52B$12.75B$12.56B$12.20B$12.69B$12.02B$12.04B$11.63B$12.19B$11.64B$12.86B$12.28B$13.39B$13.00B$12.58B$11.48B$12.58B$12.28B$12.06B$10.60B$11.25B$12.47B$11.03B$11.01B$10.55B$9.13B$7.30B$9.80B
High Forecast$13.92B$13.44B$13.93B$13.13B$12.93B$12.56B$13.07B$12.37B$12.40B$12.05B$12.29B$11.66B$12.86B$12.28B$13.53B$13.39B$12.96B$11.82B$12.96B$12.60B$12.38B$10.88B$11.55B$12.80B$11.32B$11.30B$10.83B$9.37B$7.49B$10.06B
Low Forecast$13.24B$12.78B$13.24B$12.48B$12.30B$11.95B$12.42B$11.77B$11.79B$11.35B$12.08B$11.63B$12.86B$12.28B$13.13B$12.73B$12.32B$11.24B$12.32B$12.04B$11.83B$10.39B$11.03B$12.23B$10.81B$10.79B$10.35B$8.95B$7.15B$9.61B
# Analysts999913151788191810812171488791578812165559
Surprise %---------------1.00%1.02%--1.03%1.01%--0.98%1.12%--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 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts999913151788191810812171488791578812165559
EBITDA---------------$1.60B$1.22B--$1.70B$1.47B--$2.27B$2.08B--$1.93B$-581.00M-
Avg Forecast$1.68B$1.62B$1.68B$1.58B$1.56B$1.51B$1.57B$1.49B$1.49B$1.44B$1.51B$1.44B$1.60B$1.69B$1.66B$1.61B$1.56B$1.53B$1.27B$1.58B$1.55B$1.39B$1.45B$1.61B$1.42B$1.43B$1.36B$1.18B$940.05M$1.56B
High Forecast$1.73B$1.67B$1.73B$1.63B$1.60B$1.56B$1.62B$1.54B$1.54B$1.49B$1.52B$1.45B$1.60B$2.02B$1.68B$1.66B$1.61B$1.84B$1.53B$1.62B$1.60B$1.67B$1.49B$1.65B$1.46B$1.71B$1.40B$1.21B$964.78M$1.87B
Low Forecast$1.64B$1.59B$1.64B$1.55B$1.53B$1.48B$1.54B$1.46B$1.46B$1.41B$1.50B$1.44B$1.60B$1.35B$1.63B$1.58B$1.53B$1.23B$1.02B$1.55B$1.52B$1.12B$1.42B$1.58B$1.39B$1.14B$1.33B$1.15B$921.82M$1.25B
Surprise %---------------0.99%0.78%--1.07%0.94%--1.41%1.46%--1.64%-0.62%-

17 analysts predict NKE's average Quarter EBITDA for Dec 23 to be $1.66B, with a high of $1.68B and a low of $1.63B. This is 3.57% upper than NIKE's previous annual EBITDA (Aug 23) of $1.60B.

NIKE Net Income Forecast

May 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts999913151788191810812171488791578812165559
Net Income---------------$1.45B$1.03B--$1.47B$1.44B--$1.87B$1.51B--$1.52B$-790.00M-
Avg Forecast$1.34B$1.43B$1.44B$1.43B$1.23B$1.15B$1.18B$1.23B$1.06B$995.03M$981.92M$777.60M$1.26B$1.31B$1.26B$1.14B$1.02B$1.19B$1.00B$1.38B$1.20B$1.08B$947.33M$1.68B$767.69M$1.18B$939.38M$707.74M$133.70M$933.14M
High Forecast$1.39B$1.48B$1.50B$1.48B$1.28B$1.20B$1.22B$1.27B$1.10B$1.21B$1.07B$789.84M$1.26B$1.57B$1.32B$1.18B$1.06B$1.43B$1.20B$1.43B$1.25B$1.30B$979.72M$1.74B$793.94M$1.42B$971.51M$731.94M$138.28M$1.12B
Low Forecast$1.30B$1.39B$1.40B$1.39B$1.20B$1.12B$1.14B$1.19B$1.03B$715.18M$874.52M$765.36M$1.26B$1.05B$1.19B$1.10B$989.95M$951.64M$803.05M$1.35B$1.17B$865.13M$923.44M$1.64B$748.33M$945.66M$915.69M$689.90M$130.33M$746.51M
Surprise %---------------1.28%1.01%--1.06%1.20%--1.12%1.97%--2.14%-5.91%-

NIKE's average Quarter net income forecast for Dec 23 is $1.26B, with a range of $1.19B to $1.32B. NKE's average Quarter net income forecast represents a -12.94% decrease compared to the company's last Quarter net income of $1.45B (Aug 23).

NIKE SG&A Forecast

May 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts999913151788191810812171488791578812165559
SG&A---------------$1.07B$4.37B--$3.92B$4.04B--$3.57B$3.74B--$2.98B$3.19B-
Avg Forecast$4.33B$4.18B$4.34B$4.09B$4.03B$3.91B$4.07B$3.85B$3.86B$3.73B$3.91B$3.73B$4.12B$3.22B$4.29B$4.17B$4.03B$2.93B$2.82B$3.92B$3.85B$2.66B$3.59B$3.98B$3.52B$2.48B$3.37B$2.91B$2.33B$3.62B
High Forecast$4.46B$4.31B$4.46B$4.21B$4.15B$4.03B$4.19B$3.97B$3.97B$3.86B$3.94B$3.74B$4.12B$3.87B$4.34B$4.29B$4.15B$3.52B$3.39B$4.02B$3.95B$3.20B$3.68B$4.08B$3.61B$2.98B$3.46B$2.99B$2.39B$4.34B
Low Forecast$4.24B$4.10B$4.25B$4.00B$3.94B$3.83B$3.98B$3.77B$3.78B$3.64B$3.87B$3.73B$4.12B$2.58B$4.21B$4.08B$3.95B$2.34B$2.26B$3.84B$3.77B$2.13B$3.52B$3.90B$3.45B$1.98B$3.30B$2.86B$2.28B$2.89B
Surprise %---------------0.26%1.08%--1.00%1.05%--0.90%1.06%--1.02%1.37%-

NIKE's average Quarter SG&A projection for Dec 23 is $4.29B, based on 17 Wall Street analysts, with a range of $4.21B to $4.34B. The forecast indicates a 301.57% rise compared to NKE last annual SG&A of $1.07B (Aug 23).

NIKE EPS Forecast

May 27Mar 27Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20
# Analysts999913151788191810812171488791578812165559
EPS---------------$0.95$0.67--$0.94$0.91--$1.18$0.96--$0.97$-0.51-
Avg Forecast$0.89$0.95$0.96$0.95$0.82$0.77$0.78$0.82$0.70$0.66$0.65$0.52$0.84$0.75$0.84$0.76$0.68$0.56$0.64$0.92$0.80$0.71$0.63$1.12$0.51$0.76$0.63$0.47$0.09$0.59
High Forecast$0.92$0.99$1.00$0.99$0.85$0.80$0.81$0.85$0.73$0.81$0.72$0.53$0.84$0.75$0.88$0.79$0.70$0.58$0.67$0.95$0.83$0.74$0.65$1.16$0.53$0.79$0.65$0.49$0.09$0.61
Low Forecast$0.87$0.92$0.93$0.92$0.80$0.75$0.76$0.79$0.69$0.48$0.58$0.51$0.84$0.75$0.79$0.74$0.66$0.54$0.63$0.90$0.78$0.69$0.61$1.09$0.50$0.74$0.61$0.46$0.09$0.57
Surprise %---------------1.26%0.99%--1.02%1.14%--1.05%1.88%--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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DECKDeckers Outdoor--339.47%Buy
DBIDesigner Brands--172.60%Hold
CROXCrocs--46.27%Buy
NKENIKE--41.15%Buy
SKXSkechers U.--18.14%Buy
SHOOSteven Madden--4.16%Hold
ONONOn---13.53%Buy

NKE Forecast FAQ

Is NIKE a good buy?

Yes, according to 39 Wall Street analysts, NIKE (NKE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 20 'Buy' recommendations, accounting for 51.28% of NKE's total ratings.

What is NKE's price target?

NIKE (NKE) average price target is $106 with a range of $51 to $182, implying a 41.15% from its last price of $75.1. The data is based on 39 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 41.15% (from the last price of $75.1 to the average price target of $106), up by 142.34% based on the highest stock price target, and down by -32.09% based on the lowest stock price target.

Can NIKE stock reach $110?

NKE's highest twelve months analyst stock price target of $182 supports the claim that NIKE can reach $110 in the near future.

What are NIKE's analysts' financial forecasts?

NIKE's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $49.46B (high $50.94B, low $48.43B), average EBITDA is $6.14B (high $6.32B, low $6.01B), average net income is $4.78B (high $4.97B, low $4.66B), average SG&A $15.86B (high $16.33B, low $15.53B), and average EPS is $3.19 (high $3.31, low $3.1). NKE's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $52.85B (high $54.42B, low $51.75B), average EBITDA is $6.56B (high $6.75B, low $6.42B), average net income is $5.63B (high $5.85B, low $5.48B), average SG&A $16.94B (high $17.45B, low $16.59B), and average EPS is $3.75 (high $3.9, low $3.65).

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 $48.92B by 4.69%. Apple's EBITDA was $5.92B, missing the average prediction of $5.95B by -0.57%. The company's net income was $5.07B, beating the average estimation of $4.6B by 10.32%. Apple's SG&A was $16.38B, beating the average forecast of $13.7B by 19.51%. Lastly, the company's EPS was $3.27, beating the average prediction of $2.8 by 16.84%. 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 $1.61B by -0.54%. NIKE's net income was $1.45B, beating the average estimation of $1.14B by 27.73%. The company's SG&A was $1.07B, missing the average forecast of $4.17B by -74.35%. Lastly, the company's EPS was $0.95, beating the average prediction of $0.756 by 25.70%