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Nike’s 65% 3-Year Plunge Could Lead to 41% Upside Today
Key takeaways
- Nike’s stock decline stems from tariff-driven margin pressure, weak international performance, especially in China, and shifting consumer demand, though wholesale revenue grew 5% and EPS beat expectations by 24%.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Nike wasn t one of them.
- Nike (NYSE:NKE) currently trades around $44, while Wall Street s consensus price target is about $62 per share, implying roughly 41% upside today if analysts are right.
Nike’s 65% 3-Year Plunge Could Lead to 41% Upside Today Thomas Richmond Wed, May 6, 2026 at 8:13 PM GMT+7 3 min read NKE NVDA Quick Read Nike (NKE) trades at $44 versus Wall Street’s $62 price target, implying 41% upside, though Q3 gross margins fell 130 basis points to 40.2% and Greater China revenue dropped 10% on a currency-neutral basis.
Nike’s stock decline stems from tariff-driven margin pressure, weak international performance, especially in China, and shifting consumer demand, though wholesale revenue grew 5% and EPS beat expectations by 24%.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Nike wasn t one of them. Get them here FREE.
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