Goldman Sachs analyst Brooke Roach maintains $Nike (NKE.US)$ with a buy rating, and adjusts the target price from $105 to $97.
According to TipRanks data, the analyst has a success rate of 49.6% and a total average return of 2.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Nike (NKE.US)$'s main analysts recently are as follows:
The latest quarterly report from Nike has reinforced the perspective that the company's recovery process will be prolonged, akin to a marathon rather than a sprint. The significant revision of fiscal 2025 guidance, with anticipated sales declines in the second half reaching high-single-digits from previously near-stable levels, underscores the extended journey ahead and signifies a recalibration of expectations. With today's footwear market demanding greater creativity to maintain sales, there is a sentiment that Nike's narrative and innovation have diminished. This underscores a positive outlook on the potential impact of the incoming CEO, Elliott Hill.
Nike's first quarter reporting indicated a 10% decrease in revenue compared to the previous year, with challenges in traffic and unit sales partially mitigated by increased selling prices. It has been suggested that the company's recovery timeline may be prolonged.
Nike's recent performance report, which wasn't particularly strong, came as no surprise, indicating that a more opportune time for investment might be when the market begins to anticipate a return to robust and sustainable growth in revenue and earnings per share. At the moment, the potential for decline remains considerable, with an equal possibility for upside, suggesting a balanced risk/reward scenario. The persisting sluggishness in Nike's core styles and the Chinese market, coupled with the high inventory levels that may exert additional pressure on gross margins, could result in sales growth falling short of expectations.
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