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An announcement from Nike ( (NKE) ) is now available.
On March 6, 2026, Nike entered into a new 364-day unsecured revolving credit agreement with Bank of America and other lenders, providing up to $1 billion in borrowing capacity for working capital and general corporate purposes, including support for commercial paper. The facility, which matures on March 5, 2027, allows borrowing in multiple major currencies and may be increased to $1.5 billion, renewed for an additional 364 days, or converted into a term loan of up to one year.
As of March 6, 2026, Nike is the sole borrower but may designate subsidiary borrowers whose obligations the company would guarantee, while loans in U.S. Dollars will bear interest at Term SOFR plus a margin or a base rate tied to prime, federal funds, or Term SOFR. The agreement includes customary restrictive covenants and events of default but no financial covenants, and on the same date Nike terminated its prior $1 billion 364-day facility dated March 7, 2025, under which no amounts were outstanding at termination.
The most recent analyst rating on (NKE) stock is a Hold with a $65.00 price target. To see the full list of analyst forecasts on Nike stock, see the NKE Stock Forecast page.
Spark’s Take on NKE Stock
According to Spark, TipRanks’ AI Analyst, NKE is a Neutral.
The score is held back primarily by weaker profitability and cash flow versus recent years and a bearish technical setup with the stock below major moving averages. Earnings call takeaways are mixed—strong North America and running growth, but significant China weakness and margin pressure—while valuation remains demanding at ~30x earnings despite a supportive dividend yield.
To see Spark’s full report on NKE stock, click here.
More about Nike
Nike, Inc. is a global sportswear and athletic footwear company that designs, develops and markets performance apparel, shoes and equipment for athletes and consumers worldwide. The company operates across major international markets, with a focus on branded athletic products and related accessories sold through wholesale, retail and digital channels.
Average Trading Volume: 19,063,548
Technical Sentiment Signal: Strong Sell
Current Market Cap: $84.4B
For an in-depth examination of NKE stock, go to TipRanks’ Overview page.