Citi Reiterates Neutral Rating on Nike (NKE)

Citi analyst Paul Lejuez reiterated a Neutral rating and $57.00 price target on Nike (NYSE: NKE).

The analyst comments "We expect a 4Q25 EPS beat (6/26 AMC) driven by slightly stronger sales/lower SG&A. Given macro uncertainty and NKE’s complex global brand turnaround, we do not anticipate mgmt will issue F26 guidance. For 1Q26, we expect sales guidance of down HSD-LDD and EPS around ~$0.10 (vs cons $0.39) driven by weaker GM/higher SG&A vs cons, due to cont’d sales/GM pressure from classic franchise mgmt. We expect mgmt to point to 2H26 for when they expect classic franchise mgmt headwinds to abate (with target of achieving clean inventory across the global marketplace). However, the timing of NKE achieving enough innovation at scale across performance/lifestyle to drive sustainable topline growth is still uncertain and will be a focus of the call. Any sign that NKE can return to topline growth in late F26 would be a positive for shares given negative sentiment. We see a balanced risk/reward into 4Q EPS."

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $61.90 yesterday.

You May Also Be Interested In

• Citizens Starts MARA Holdings Inc (MARA) at Market Outperform
• Morgan Stanley Upgrades Global Unichip Corp (3443:TT) to Overweight
• JPMorgan Downgrades Wipro Ltd. (WPRO:IN) (WIT) to Underweight