Recent market reports have indicated a downward trend in Nike's NKE stocks. This unexpected trend appears to be a result of the company's forewarned, larger than estimated sales decline in 2025. Hints of guidance cut and missed revenue expectations have also negatively impacted the stock's performance. Nike's Q4 2024 earnings report not only anticipated a steep drop in quarterly sales, but it also predicted a grim outlook that resulted in the stock sinking. Analysts have responded by overhauling the company's stock price targets. Nike's NKE stocks also took a hit on earnings and revenue report, despite surpassing estimate targets. The downturn has several investors selling their Nike shares. Despite a series of downgrades and lowered price targets, Nike has flaunted resilient quarters before and there's speculation over potential recovery. However, as some shareholders have begun to rally towards a securities fraud lawsuit related to investment losses, others are suggesting potential buying opportunities.
Nike Stocks NKE News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sun, 30 Jun 2024 16:36:00 GMT - Rating -8 - Innovation -6 - Information 5 - Rumor -5