NIKE, Inc. (NKE)

Nike Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for Nike stock have an average target of 116.34, with a low estimate of 85 and a high estimate of 136. The average target predicts an increase of 22.67% from the current stock price of 94.84.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$85	$116.34	$118	$136
Change	-10.38%	+22.67%	+24.42%	+43.40%

Analyst Ratings

The average analyst rating for Nike stock from 33 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	5	8	8	8	8	9
Buy	17	15	15	13	13	13
Hold	11	10	10	10	11	9
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	35	35	35	33	34	33

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Lorraine Hutchinson B of A Securities	B of A Securities	Hold → Strong Buy Upgrades $110 → $113	Hold → Strong Buy	Upgrades	$110 → $113	+19.15%	Apr 11, 2024
Alex Straton Morgan Stanley	Morgan Stanley	Buy Maintains $124 → $116	Buy	Maintains	$124 → $116	+22.31%	Mar 27, 2024
Tom Nikic Wedbush	Wedbush	Buy Reiterates n/a	Buy	Reiterates	n/a	n/a	Mar 27, 2024
Brooke Roach Goldman Sachs	Goldman Sachs	Strong Buy Maintains $135 → $120	Strong Buy	Maintains	$135 → $120	+26.53%	Mar 25, 2024
Adrienne Yih Barclays	Barclays	Buy Maintains $142 → $114	Buy	Maintains	$142 → $114	+20.20%	Mar 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

52.21B

Increased by 1.95%

from 51.22B

Revenue Next Year

53.06B

Increased by 1.62%

from 52.21B

EPS This Year

3.62

Increased by 12.00%

from 3.23

EPS Next Year

4.00

Increased by 10.70%

from 3.62

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	39.12B	37.40B	44.54B	46.71B	51.22B	52.21B	53.06B	56.23B	66.29B	70.99B
Revenue Growth	7.47%	-4.38%	19.08%	4.88%	9.65%	1.95%	1.62%	5.97%	17.90%	7.08%
EPS	2.49	1.60	3.56	3.75	3.23	3.62	4.00	4.50	5.64	6.33
EPS Growth	112.82%	-35.74%	122.50%	5.34%	-13.87%	12.00%	10.70%	12.44%	25.28%	12.18%
No. Analysts	-	-	-	-	-	41	40	28	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	55.7B	59.3B	63.0B	69.5B	74.7B
Avg	52.2B	53.1B	56.2B	66.3B	71.0B
Low	50.3B	49.9B	50.2B	63.3B	67.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.7%	13.6%	18.7%	23.5%	12.7%
Avg	1.9%	1.6%	6.0%	17.9%	7.1%
Low	-1.9%	-4.5%	-5.5%	12.6%	1.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.11	4.89	5.38	6.06	6.77
Avg	3.62	4.00	4.50	5.64	6.33
Low	3.37	3.33	3.42	5.29	5.96

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	27.3%	35.1%	34.5%	34.6%	20.1%
Avg	12.0%	10.7%	12.4%	25.3%	12.2%
Low	4.4%	-7.9%	-14.6%	17.5%	5.6%

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.