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NIKE (NKE) Stock Forecast & Price Target

$71.31
-2.11 (-2.87%)
(As of 07/15/2024 ET)

NIKE - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$96.44
35.25% Upside
High Forecast$130.00
Average Forecast$96.44
Low Forecast$75.00
TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
20 Buy rating(s)
20 Buy rating(s)
22 Buy rating(s)
Hold
14 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
11 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$96.44$115.59$116.26$131.03
Forecasted Upside35.25% Upside15.11% Upside14.78% Upside11.94% Upside
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NKE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NKE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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NIKE Stock vs. The Competition

TypeNIKEConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.40
2.55
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside35.25% Upside133.46% Upside9.43% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Jefferies Financial Group
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 Lower Target$90.00 ➝ $80.00+8.65%
7/3/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$115.00 ➝ $92.00+20.96%
7/2/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$100.00 ➝ $75.00-1.54%
6/28/2024Citigroup
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 Lower TargetBuy ➝ Buy$115.00 ➝ $102.00+35.33%
6/28/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$115.00 ➝ $92.00+22.42%
6/28/2024Guggenheim
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 Lower TargetBuy ➝ Buy$130.00 ➝ $115.00+52.82%
6/28/2024HSBC
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 Lower TargetHold ➝ Hold$100.00 ➝ $90.00+20.11%
6/28/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$118.00 ➝ $105.00+37.94%
6/28/2024KeyCorp
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 Reiterated RatingSector Weight
6/28/2024Bank of America
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 Lower TargetBuy ➝ Buy$113.00 ➝ $104.00+36.50%
6/28/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$118.00 ➝ $100.00+6.13%
6/28/2024Truist Financial
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 Lower TargetHold ➝ Hold$99.00 ➝ $81.00-14.04%
6/28/2024Barclays
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A. Yih
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DowngradeOverweight ➝ Equal Weight$109.00 ➝ $80.00-15.10%
6/28/2024Raymond James
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R. Patel
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Reiterated RatingOutperform ➝ Market Perform
6/28/2024JPMorgan Chase & Co.
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 Reiterated RatingOverweight ➝ Neutral$116.00 ➝ $83.00-11.91%
6/28/2024UBS Group
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J. Sole
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Reiterated RatingBuy ➝ Neutral$78.00-17.22%
6/28/2024Telsey Advisory Group
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 Lower TargetOutperform ➝ Outperform$115.00 ➝ $100.00+6.13%
6/28/2024Wedbush
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 Lower TargetOutperform ➝ Outperform$115.00 ➝ $97.00+2.95%
6/28/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Equal Weight$114.00 ➝ $79.00-16.16%
6/28/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Hold$117.00 ➝ $88.00-6.61%
6/28/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$110.00 ➝ $105.00+11.44%
6/28/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$125.00 ➝ $100.00+6.13%
6/28/2024TD Cowen
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 Lower TargetHold ➝ Hold$89.00 ➝ $75.00-20.40%
6/28/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$120.00 ➝ $120.00+27.35%
3/22/2024Sanford C. Bernstein
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 Lower TargetOutperform ➝ Outperform$134.00 ➝ $120.00+27.08%
3/22/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$107.00 ➝ $98.00+6.51%
3/18/2024Williams Trading
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 Reiterated RatingHold ➝ Sell$92.00 ➝ $85.00-14.41%
12/12/2023DZ Bank
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 UpgradeHold ➝ Buy$130.00+9.60%
9/8/2023Erste Group Bank
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 Reiterated RatingBuy ➝ Hold
7/25/2023BNP Paribas
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 DowngradeNeutral ➝ Underperform
6/30/2023VNET Group
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 Reiterated RatingMaintains
6/20/2023OTR Global
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 DowngradePositive
3/28/2023Daiwa Capital Markets
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 Boost TargetNeutral$116.00 ➝ $123.00+4.41%
3/22/2023Credit Suisse Group
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Michael Binetti
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Boost TargetOutperform$132.00 ➝ $139.00+10.66%
3/16/2023Redburn Partners
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 Initiated CoverageSell$100.00-15.38%
1/10/2023Cowen
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 Boost Target$131.00 ➝ $141.00+12.94%
1/10/2023KGI Securities
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 UpgradeNeutral ➝ Outperform
11/22/2022Cowen
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 Boost Target$114.00 ➝ $118.00+12.74%
10/3/2022Argus
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 DowngradeBuy ➝ Hold
8/9/2022Exane BNP Paribas
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Laurent Vasilescu
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DowngradeOutperform ➝ Neutral$118.00+3.51%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:20 AM ET.

NKE Forecast - Frequently Asked Questions

What is NIKE's forecast for 2024?

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for NIKE is $96.44, with a high forecast of $130.00 and a low forecast of $75.00.

Should I buy or sell NIKE stock right now?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIKE in the last year. There are currently 2 sell ratings, 14 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NKE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NKE, but not buy additional shares or sell existing shares.

Does NIKE's stock price have much upside?

According to analysts, NIKE's stock has a predicted upside of 7.46% based on their 12-month stock forecasts.

Has NIKE been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, NIKE's stock had 1 upgrade and 1 downgrade by analysts.

Do Wall Street analysts like NIKE more than its competitors?

Analysts like NIKE less than other "consumer discretionary" companies. The consensus rating for NIKE is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how NKE compares to other companies.


This page (NYSE:NKE) was last updated on 7/16/2024 by MarketBeat.com Staff

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