Nike Stock Forecast

Stock Price Forecast

The 33 analysts with 12-month price forecasts for Nike stock have an average target of 103.36, with a low estimate of 75 and a high estimate of 136. The average target predicts an increase of 35.93% from the current stock price of 76.04.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$75	$103.36	$102	$136
Change	-1.37%	+35.93%	+34.14%	+78.85%

Analyst Ratings

The average analyst rating for Nike stock from 38 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	8	8	9	9	9	9
Buy	13	13	13	13	12	12
Hold	10	11	9	9	15	15
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	33	34	33	33	38	38

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Piral Dadhania RBC Capital	RBC Capital	Hold Maintains $100 → $75	Hold	Maintains	$100 → $75	-1.37%	Jul 2, 2024
Paul Lejuez Citigroup	Citigroup	Strong Buy Maintains $115 → $102	Strong Buy	Maintains	$115 → $102	+34.14%	Jun 28, 2024
Kate Fitzsimons Wells Fargo	Wells Fargo	Buy Maintains $115 → $92	Buy	Maintains	$115 → $92	+20.99%	Jun 28, 2024
Erwan Rambourg HSBC	HSBC	Hold Maintains $100 → $90	Hold	Maintains	$100 → $90	+18.36%	Jun 28, 2024
Robert Drbul Guggenheim	Guggenheim	Strong Buy Maintains $130 → $115	Strong Buy	Maintains	$130 → $115	+51.24%	Jun 28, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

52.21B

from 51.22B

1.93%

from 51.22B

Revenue Next Year

52.95B

from 52.21B

1.42%

from 52.21B

EPS This Year

3.79

from 3.23

17.23%

from 3.23

EPS Next Year

3.98

from 3.79

5.02%

from 3.79

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029
Revenue	39.12B	37.40B	44.54B	46.71B	51.22B	52.21B	52.95B	56.12B	59.63B	62.88B	66.77B
Revenue Growth	7.47%	-4.38%	19.08%	4.88%	9.65%	1.93%	1.42%	5.99%	6.26%	5.44%	6.18%
EPS	2.49	1.60	3.56	3.75	3.23	3.79	3.98	4.48	4.82	5.45	6.36
EPS Growth	112.82%	-35.74%	122.50%	5.34%	-13.87%	17.23%	5.02%	12.74%	7.46%	13.21%	16.67%
Forward PE	-	-	-	-	-	20.08	19.12	16.96	15.78	13.94	11.95
No. Analysts	-	-	-	-	-	40	40	28	4	3	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	54.9B	57.2B	60.9B	63.0B	66.1B	70.2B
Avg	52.2B	52.9B	56.1B	59.6B	62.9B	66.8B
Low	50.3B	49.7B	50.2B	57.2B	60.6B	64.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	7.1%	9.6%	15.0%	12.3%	10.8%	11.6%
Avg	1.9%	1.4%	6.0%	6.3%	5.4%	6.2%
Low	-1.8%	-4.8%	-5.3%	1.8%	1.7%	2.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	4.06	4.60	5.36	5.28	5.91	6.62
Avg	3.79	3.98	4.48	4.82	5.45	6.36
Low	3.50	3.33	3.42	4.53	5.07	6.17

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	25.8%	21.5%	34.7%	17.8%	22.7%	21.3%
Avg	17.2%	5.0%	12.7%	7.5%	13.2%	16.7%
Low	8.3%	-12.0%	-14.0%	1.0%	5.2%	13.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.