Stifel Nicolaus analyst Peter McGoldrick has maintained their neutral stance on NKE stock, giving a Hold rating today.
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Peter McGoldrick has given his Hold rating due to a combination of factors influencing Nike’s current financial standing and future prospects. The recent financial results showed a positive revenue inflection in the first quarter of fiscal year 2026, surpassing expectations with a notable increase in revenue and earnings per share. However, the path forward is expected to be non-linear, with a gradual build-up anticipated into fiscal year 2027, supported by events like the World Cup 2026.
Despite Nike’s strong brand presence and recent financial performance, McGoldrick maintains a cautious stance due to the stock’s valuation, which he considers to be full at present. He indicates that more compelling evidence, such as strong sell-through in expanded wholesale distribution, significant consumer adoption of new products, or a decrease in share price, would be needed to adopt a more positive outlook. The reaffirmation of the earnings per share estimate for fiscal year 2027 and the assignment of a price target based on historical averages further support the Hold rating.
In another report released today, Barclays also maintained a Hold rating on the stock with a $70.00 price target.