Nike Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

NIKE, Inc. NKE is expected to report its fourth quarter fiscal 2023 financial results after the closing bell on June 29, 2023.

Analysts expect the company to post quarterly earnings at 67 cents per share, down from year-ago earnings of 90 cents per share. The company’s revenue might come in at $12.59 billion.

Nike shares fell 0.5% to close at $113.03 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Matthew Korn maintained an Overweight rating and cut the price target from $152 to $146 on June 28, 2023. This analyst sees around 29% upside in the company’s stock and has an accuracy rate of 71%.
• Wells Fargo analyst Kate Fitzsimons maintained an Overweight rating and slashed the price target from $138 to $130 on June 23, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 74%.
• Morgan Stanley analyst Alex Kurtz reiterated an Overweight rating with a price target of $130 on June 20, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 80%.
• Williams Trading analyst Sam Poser downgraded the stock from Hold to Sell and cut the price target from $120 to $95 on May 22, 2023. This analyst sees around 16% downside in the company’s stock and has an accuracy rate of 76%.
• Oppenheimer analyst Brian Nagel reiterated an Outperform rating with a price target of $150 on April 18, 2023. This analyst sees around 33% upside in the company’s stock and has an accuracy rate of 74%.

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