Goldman Sachs cuts target for Nike stock to USD 30.00.,

Published on 10/12/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs lowered its target to USD 30.00 from USD 38.00 on October 5, 2026. Nike stock costs EUR 30.88 versus the Xetra close of EUR 31.16.

Key points in brief

Goldman Sachs cut its Nike price target from USD 38.00 to USD 30.00 on October 5, 2026.
Fiscal 2027 first-quarter revenue fell 4.00 percent to USD 11.20 billion, while gross margin rose to 42.80 percent.
Nike stock was at EUR 30.88 at Lang & Schwarz on October 12, 2026, down 0.90 percent versus the Xetra close.

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Nike stock (ISIN US6541061031) was at EUR 30.88 at Lang & Schwarz on October 12, 2026 at 12:05 p.m. CEST, down 0.90 percent versus the Xetra close of October 9, 2026 at EUR 31.16. According to TheStreet on October 5, 2026, Goldman Sachs cut its Nike price target from USD 38.00 to USD 30.00 while keeping a Neutral rating.

Fiscal revenue falls 4.00 percent

NIKE reported fiscal 2027 first-quarter revenue of USD 11.20 billion on October 1, 2026, down 4.00 percent from the year-earlier period, according to the company's NIKE release. Diluted earnings per share was USD 0.48, while gross margin expanded 60 basis points to 42.80 percent.

The sales mix explains the pressure. NIKE Direct revenue declined 8.00 percent to USD 4.10 billion, and Converse revenue fell 28.00 percent to USD 263.00 million in the first quarter of fiscal 2027, the release said. North America was a counterweight, with revenue up 2.00 percent.

What does the outlook mean?

Management expects fiscal 2027 revenue to decline by a high-single-digit percentage and projects adjusted diluted earnings per share of USD 1.15 to USD 1.35. The range excludes USD 0.15 of restructuring expenses tied to Pace, the operating model transformation announced with the results.

For investors, the key tension is visible in the numbers. Nike improved gross margin to 42.80 percent, yet the revenue decline and the lower earnings outlook prompted Goldman Sachs to reduce its target by USD 8.00, or 21.05 percent, from USD 38.00 to USD 30.00. That combination puts execution and demand recovery ahead of short-term margin improvement.

Three dated operating signals

On June 30, 2026, NIKE reported fiscal 2026 fourth-quarter and full-year results. On September 16, 2026, Alexandre Arnault joined the NIKE board. On October 1, 2026, the company reported USD 11.20 billion in fiscal 2027 first-quarter revenue and introduced the Pace transformation, according to its investor-relations chronology.

Stock stays below the October 9 close

The Lang & Schwarz quote places Nike at EUR 30.88 on October 12, 2026 at 12:05 p.m. CEST, or EUR 0.28 below the Xetra close of October 9, 2026. The reference price remains inside the EUR 27.90 to EUR 60.52 52-week range, while the market capitalization for the NKE.DE quote was EUR 45.7 billion as of October 12, 2026.

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