​NIKE, Inc. (NKE) Down 10.8% Since Q2 2026, Wall Street Remains Positive

​NIKE, Inc. (NYSE:NKE) is 1 of the Best Quality Stocks to Buy Before 2026. The stock terms of NIKE, Inc. (NYSE:NKE) has fallen much than 10.8% since the merchandise of its fiscal Q2 2026 net connected December 18. As a result, Wall Street adjusted its terms targets accordingly. However, the wide expert statement remains affirmative with the 12 period mean terms people reflecting much than 31% upside from the existent level.

​The diminution successful stock terms came contempt the institution beating expectations. During the quarter, NIKE, Inc. (NYSE:NKE) grew its gross by 0.59% year-over-year to $12.43 billion, surpassing estimates by $218.31 million. The EPS of $0.53 besides topped expectations by $0.16. The falling capitalist sentiment was chiefly owed to the company’s gross nett margins that declined by 300 ground points and a 17% diminution successful China Sales. On the agleam side, the wholesale gross successful North America accrued 20%, indicating that absorption has made advancement successful repairing its narration with retail partners.

Following the release, connected December 19, Paul Lejuez from Citi reiterated a Hold standing connected NIKE, Inc. (NYSE:NKE) and lowered the terms people from $70 to $65. On the aforesaid day, Jay Sole from UBS besides reiterated a Hold standing connected the banal and lowered the terms people from $71 to $65.

Analyst Sole of UBS noted that the 2nd 4th results picture that the company’s turnaround is taking longer than expected. He added that this suggests that the institution mightiness request much clip to resize its inventory. Sole noted that contempt the falling capitalist sentiment, NIKE, Inc. (NYSE:NKE) is expected to instrumentality to mid-single-digit percent income maturation and astir 10% EBIT borderline implicit the agelong term.

NIKE, Inc. (NYSE:NKE) designs, markets, and distributes diversion footwear, apparel, equipment, and accessories for sports and fittingness activities worldwide. ​

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.