Nike Stock Forecast: Analysts Split As Trends Shift

Nike (NKE) stock has fallen 0.4% over the past week, slipped 21.0% in the last month, and declined 17.1% over the past year. Wall Street’s analysts are moderately bullish, forecasting a move toward a 12‑month price target of $62.05 from the last close at $44.00.

Analyst Anna Andreeva of Piper Sandler downgraded NKE to Hold on April 10, 2026, setting a $50.00 price target that still suggests upside from current levels. Her view adds caution to the Moderate Buy consensus, signaling that not all experts are convinced a quick rebound is ahead.

In her report, Andreeva describes Nike as Neutral and questions whether the company can win if the Athleisure trend has peaked. She notes that while performance running remains strong, Nike is close to lapping big gains in that category, and the broader sportswear market looks increasingly saturated.

The analyst worries that Nike lacks enough fresh innovation to replace fading “Classics” styles, which she estimates could fall to just 10% of sales by FY27, with the Dunk line driving most of the current decline. She also highlights leadership that has largely been in place for around 20 years, raising questions about whether new ideas are needed to reignite growth.

Valuation is another concern, with the stock trading at a rich multiple relative to uncertain earnings recovery and no near-term catalyst before an Investor Day in the second half of 2026. Anna Andreeva ranks 11,802 out of 12,068 analysts on TipRanks, with a 36.93% success rate and an average return of -6.20% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.