Nike stock forecast the latest Nike stock forecast projects

The latest Nike stock forecast projects market cap stability around $180B, with forward P/E at 29. Management still indicates the turnaround will take time as it struggles in regions like China, and it forecast a decline in Nike Direct sales for the fiscal year as it focuses on the wholesale channel. At $73.65 per share , Nike trades at a forward P/E near 40x , well above its 10-year average of 33x. Analysts see FY26 EPS at $1.68 , implying investors are paying a premium despite contracting margins and earnings pressure. HSBC raised its target to $90 , while the Wall Street average sits at $81.67 , suggesting about 11% upside . The elevated multiple means even modest disappointments in China or margin recovery could lead to sharp valuation compression. Nike stock forecast trends point to possible 8% upside in the next quarter, fueled by targeted sponsorship deals for major sports events. This aligns with upward revisions from multiple large-cap focused funds.