Needham analyst Tom Nikic has maintained their bullish stance on NKE stock, giving a Buy rating today.
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Tom Nikic has given his Buy rating due to a combination of factors that suggest a potential turnaround for Nike. Despite the recent quarterly results not being strong in absolute terms, they were not as negative as anticipated, providing a glimmer of hope that the company’s most challenging period might be over.
The expectation of improving financial trends over the next 12 to 24 months could help Nike regain its momentum and become a compelling investment story by the second half of the calendar year and into 2026. The upward revision of Nike’s earnings per share estimates for fiscal years 2026 and 2027, along with an increased price target, further supports the optimism surrounding the stock’s future performance.
According to TipRanks, Nikic is a 4-star analyst with an average return of 7.0% and a 44.59% success rate. Nikic covers the Consumer Cyclical sector, focusing on stocks such as Foot Locker, On Holding AG, and Crocs.
In another report released today, HSBC also upgraded the stock to a Buy with a $80.00 price target.