Berenberg cuts Nike target from USD 49.00 to USD 27.50 for Nike stock

Published on 10/09/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal first-quarter revenue fell 4.00 percent to USD 11.21 billion. Nike stock costs EUR 30.73 on October 9, 2026 after EUR 30.94, down 0.68 percent.

Key points in brief

Berenberg downgraded Nike to Strong Sell and cut its target from USD 49.00 to USD 27.50 on October 7, 2026.
Fiscal first-quarter revenue fell 4.00 percent year over year to USD 11.21 billion, while diluted earnings per share reached USD 0.48.
Nike stock was at EUR 30.73 at Lang & Schwarz on October 9, 2026, down 0.68 percent versus the EUR 30.94 prior close.

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Nike (ISIN US6541061031) faced a fresh analyst setback as Berenberg downgraded the company to Strong Sell and cut its price target from USD 49.00 to USD 27.50 on October 7, 2026, according to MarketBeat. The move puts the analyst debate against a EUR 30.73 Lang & Schwarz price and a USD 27.50 target in separate currencies, so the figures are not combined into one return calculation.

Quarterly pressure remains visible

NIKE reported fiscal first-quarter revenue of USD 11.21 billion for the period ended August 31, 2026, down 4.00 percent from the prior-year quarter, according to NIKE. Diluted earnings per share was USD 0.48, while gross margin expanded 60 basis points to 42.80 percent.

The same release set fiscal 2027 adjusted diluted earnings per share guidance at USD 1.15 to USD 1.35 and called for revenue to decline by a high-single-digit percentage. Nike's Pace program is expected to deliver USD 2.5 billion in cumulative savings through fiscal 2031, alongside USD 1.0 billion of pre-tax charges.

What does the downgrade change?

The analyst sequence shows how quickly expectations have narrowed. Goldman Sachs cut its target from USD 38.00 to USD 30.00 and retained Neutral in a note published on October 2, 2026, according to FinanzNachrichten. Berenberg's USD 27.50 target is lower, while the company's fiscal 2027 outlook still carries restructuring costs that could reduce adjusted earnings per share by USD 0.15.

Three dated signals for Nike

On October 1, 2026, NIKE reported USD 11.21 billion of fiscal first-quarter revenue and USD 0.48 diluted earnings per share. On October 2, 2026, Goldman Sachs reduced its target from USD 38.00 to USD 30.00. On October 7, 2026, Berenberg moved from Hold to Strong Sell and cut its target from USD 49.00 to USD 27.50, according to MarketBeat.

Price remains below the prior close

Nike stock was trading at EUR 30.73 at Lang & Schwarz on October 9, 2026 at 3:38 p.m. CEST, down 0.68 percent versus the EUR 30.94 prior close on October 8, 2026. On the NYSE, the stock was last at USD 34.60 on October 9, 2026 at 9:45 a.m. EDT, providing separate home-market context.

The further course of trading is shown by the continuously updated real-time quote of Nike stock.