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Nike Stock Plummets on Dismal Forecast, Bear Notes
NKENIKE(NKE) Schaeffers Investment Research·2025-03-21 23:19

Brushing off a fiscal third-quarter earnings and revenue beat, Nike Inc (NYSE:NKE) was last seen down 7.7% to trade at 66.30,aftersayingitexpectssalestodeclinesharplyinthefiscalfourthquarterduetorestructuringefforts,lacklusterconsumerconfidence,aswellastariffs.Atleast10firmsslashedtheirpricetargetsinresponse,includingJ.P.MorganSecuritiesto66.30, after saying it expects sales to decline sharply in the fiscal fourth quarter due to restructuring efforts, lackluster consumer confidence, as well as tariffs. At least 10 firms slashed their price targets in response, including J.P. Morgan Securities to 64 from $73.NKE is now pacing for its fourth-straight daily loss and worst single-day percentage drop since June. The shares are ...