Jim Cramer Shares Tip For Nike (NKE) To Turnaround
Key takeaways
- Jim Cramer Shares Tip For Nike (NKE) To Turnaround Ramish Cheema Tue, May 26, 2026 at 12:18 AM GMT+7 3 min read NKE VFC We recently published Jim Cramer Discussed These 10 Stocks Including A Hidden Gem & An AI Short.
- (NYSE:NKE) is a stock that Jim Cramer has changed his mind about over the past couple of months.
- By the way, a lot of insiders bought in Nike, and we gotta see what they bought for.
Jim Cramer Shares Tip For Nike (NKE) To Turnaround Ramish Cheema Tue, May 26, 2026 at 12:18 AM GMT+7 3 min read NKE VFC We recently published Jim Cramer Discussed These 10 Stocks Including A Hidden Gem & An AI Short. NIKE, Inc. (NYSE:NKE) is one of the stocks discussed by Jim Cramer.
NIKE, Inc. (NYSE:NKE) is a stock that Jim Cramer has changed his mind about over the past couple of months. Throughout 2025, the CNBC TV host remained optimistic about the firm’s ongoing turnaround and confident in its CEO, Elliott Hill’s ability to execute. However, more recently, while he still remains a believer, Cramer is more uncertain about the turnaround. NIKE, Inc. (NYSE:NKE)’s shares are down by 25.6% over the past year and by 29% year-to-date. Wells Fargo discussed the firm on May 8th as it cut the share price target to $45 from $55 and reduced the rating to Equal Weight from Overweight. The bank remarked that NIKE, Inc. (NYSE:NKE) was operating in a highly saturated market. In this appearance, Cramer compared the retailer VF Corp and its success with Vans:
“Nike needs to do what they did Vans. They have to, they have to. By the way, a lot of insiders bought in Nike, and we gotta see what they bought for. I hold these truths as not self evident. . .turnarounds can be very difficult.”