Nike stock price forecast models in 2024 are embedding ESG performance metrics as institutional investors weigh sustainability factors in buy/hold decisions. Second, the recovery is uneven across regions and channels. Making matters worse, management doesn't expect Nike Direct to return to growth this fiscal year, and Greater China will "require more time" given promotional dynamics and weaker traffic. Ultimately, when growth relies more on wholesale in the near term, profitability can be more sensitive to discounting and partner health. Given enough time, these are fixable issues, but they reinforce that the comeback won't be a straight line. Across Wall Street, Nikeâs shares currently have a Moderate Buy consensus rating, as seen on TipRanks. This is based on 11 Buys and 11 Holds assigned by Wall Street analysts over the past three months. However, the average NKE price target of $83.17 suggests a 19.27% growth potential. Nike stock price forecast for Q3 2024 suggests moderate upside potential, with analysts tracking EPS growth around 9% year-over-year and revenue stabilization after inventory corrections. The market sentiment leans bullish as institutional funds increase stakes amid positive U.S. retail sales data.
