Bank of America cuts Nike stock target from USD 47 to USD 30

Published on 10/01/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nike stock reports fiscal first-quarter results on October 1, 2026 after the close. EUR 31.15 versus EUR 31.26, a minus 0.35 percent change.

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NIKE, Inc. stock (ISIN US6541061031) was trading at EUR 31.15 at Lang & Schwarz on October 1, 2026 at 10:36 a.m. CEST, with a minus 0.35 percent change versus the prior close of EUR 31.26. On September 25, 2026, Bank of America cut its Nike price target from USD 47.00 to USD 30.00 and downgraded the stock from Neutral to Underperform, according to Yahoo Finance.

Target cuts raise the pressure

Bank of America's revised target is the sharpest recent warning about the pace of Nike's recovery. The bank also reduced its fiscal 2027 and fiscal 2028 earnings-per-share estimates by 11.00 percent and 12.00 percent, respectively, and expects sales to decline through fiscal 2027, according to Yahoo Finance.

Royal Bank of Canada added a separate warning on September 29, 2026, cutting its price target from USD 45.00 to USD 40.00 while keeping a Sector Perform rating. Investing.com said the revision followed channel checks pointing to continued soft sell-through rates.

Results will test the turnaround

Nike is scheduled to report fiscal first-quarter 2027 results after regular trading ends on October 1, 2026, according to Stock Analysis. That release matters because the latest reported quarter generated USD 10.97 billion in revenue and USD 0.20 earnings per share, while quarterly revenue declined 1.10 percent year over year, according to MarketBeat.

The market is therefore weighing a defined comparison: Nike's latest quarterly revenue reached USD 10.97 billion versus USD 10.85 billion expected by analysts, yet the reported year-over-year trend remained negative. That tension leaves forward guidance and regional demand as the key evidence in the next update.

NYSE range keeps the risk visible

On the NYSE, Nike's 52-week range was USD 35.22 to USD 76.97 as of September 30, 2026, while market capitalization stood at USD 52.4 billion. The Lang & Schwarz quote was EUR 31.15 on October 1, 2026 at 10:36 a.m. CEST, versus the EUR 31.26 prior close and a minus 0.35 percent daily change.

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