Nike faces fresh Evercore downgrade, shares stay under pressure before Q4 earnings
Published on 06/23/2026 at 16:59 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWS
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 16:54.
Nike (US6541061031) draws renewed analyst scrutiny this week as Evercore ISI downgrades the NYSE-traded shares from Outperform to In Line and cuts its price target to 46 US dollars, just days before the company’s June 30 fiscal Q4 earnings release according to Investing.com.
Evercore turns more cautious
Evercore ISI lowered its Nike rating from Outperform to In Line and reduced the 12-month price target from 57 to 46 US dollars, citing slower-than-expected progress in the company’s turnaround and persistent operational challenges.
The research house pointed to wholesale channel adjustments, fewer major product innovation catalysts expected through 2027, and issues such as delivery problems around the FIFA World Cup as reasons to stay cautious on the trajectory of growth, as reported by Investing.com’s market commentary.
Series of downgrades ahead of NYSE earnings date
Evercore’s move extends a pronounced shift in analyst sentiment in recent months, with RBC Capital Markets, Wells Fargo, HSBC, Piper Sandler, JPMorgan, Goldman Sachs and BofA Securities all having downgraded Nike since April while generally maintaining price targets mostly in a 45 to 55 US dollar range according to Finviz data.
Goldman Sachs, for example, shifted its rating from Buy to Neutral on April 1 with a 52 US dollar target, while JPMorgan on the same day cut its stance from Overweight to Neutral, also with a 52 US dollar target level, underscoring a more defensive consensus before the S&P 500 component reports results.
All news and analysis on the Nike shares
Further updates on analyst views, earnings dates and price data for Nike can be found in the dedicated topic area and via the company’s investor-relations pages.
What analysts expect for Q4
MarketBeat notes that analysts currently expect Nike to report around 0.12 US dollars in earnings per share and approximately 10.85 billion US dollars in revenue for fiscal Q4, with the release scheduled after the US market close on June 30.
Consensus rating data compiled by MarketBeat show an average stance of Hold, with many houses taking a wait-and-see approach on the turnaround, while MarketScreener data cited in earlier analysis put the average 12-month target near 59.22 US dollars compared with a recent closing price around the mid-40s.
Where Nike makes its money
Nike’s core business is performance and lifestyle footwear and apparel, led by its flagship Nike-branded running and basketball shoes such as the Air Zoom series and signature lines, complemented by sportswear clothing, accessories and the Jordan and Converse brands that broaden its global reach.
Where the stock trades today
The Nike shares (US6541061031) last traded on the NYSE at 42.69 US dollars as of 2026-06-23, 10:36 Eastern time according to MarketBeat.
Key data on the Nike shares
- Company: NIKE, Inc.
- ISIN: US6541061031
- WKN: 866993
- Ticker: NKE
- Trading venue: NYSE
- Price (as of 2026-06-23, 10:36): 42.69 USD
- Market cap: 64.5 billion USD (as of 2026-06-23, based on MarketBeat price data and recent share count)
- Sector / industry: Consumer Discretionary / Apparel, Footwear & Accessories
- Index membership: S&P 500
- Next earnings date: 2026-06-30
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