Evercore ISI cuts Nike stock price target on earnings concerns
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Retired U.S. admiral warns Iran war could last longer than expected Oil prices tick down, set for weekly losses on Middle East de-escalation hopes Trump extends pause to Iran power plant strikes - what’s moving markets Iran conflict latest: Trump pauses Iran energy plant strikes by 10 days (South Africa Philippines Nigeria) Evercore ISI cuts Nike stock price target on earnings concerns By Analyst Ratings Published 03/27/2026, 05:54 AM Evercore ISI cuts Nike stock price target on earnings concerns 0 NKE -1.72% Investing.com - Evercore ISI lowered its price target on Nike Inc. (NYSE:NKE) to $69 from $77 while maintaining an Outperform rating on the stock. The firm reduced its fiscal 2027 earnings per share estimate to $2.00 from $2.30. Nike shares have declined 18% year-to-date, compared with a 10% drop in the S&P discretionary sector. Evercore ISI said the pullback reflects concerns about decelerating China trends, lack of impactful innovation to drive sustainable acceleration in point-of-sale trends globally, and decelerating multi-year gross margin stacks into the second half of fiscal 2027. The firm expects North America to show ongoing signs of stabilization and Europe to remain largely consistent with Nike’s December messaging regarding excessive promotions in the market. Evercore ISI noted the brand has a World Cup strategy that should bolster confidence in discussing those markets in the near term. In other recent news, Nike Inc. is preparing to announce its third-quarter fiscal 2026 earnings on March 31, with various analyst firms providing their forecasts. Stifel anticipates Nike’s revenue to reach $11.2 billion with earnings per share at $0.30, while BTIG projects revenue of $11.28 billion and earnings per share of $0.26. Meanwhile, UBS expects Nike’s third-quarter earnings per share to be roughly in line with these estimates. On the analyst front, Telsey Advisory Group has lowered its price target f...
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