Berenberg cut its target for Nike stock from USD 49.00 to USD 27.50

Published on 10/13/2026 at 11:31 | 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 trades at EUR 31.65 on October 13, 2026, plus 0.92 percent versus EUR 31.36.

Berenberg cut its Nike price target from USD 49.00 to USD 27.50 on October 6, 2026.
Fiscal first-quarter revenue fell 4.00 percent to USD 11.21 billion, while gross margin rose to 42.80 percent.
Nike stock was EUR 31.65 at Lang & Schwarz on October 13, 2026, plus 0.92 percent versus the October 12 Xetra close.
Goldman Sachs downgraded Nike to Sell and also set a USD 27.50 target.

Modernes Sportzentrum mit Glasfassade und Stahlkonstruktion bei Sonnenuntergang, Architektur — Nike Inc US6541061031 modernes Sportzentrum mit Glasfassade und Stahlstruktur im warmen Abendlicht fotografiert, Illustration mit AI erstellt.

Nike (ISIN US6541061031) faces a sharper analyst reset after Berenberg cut its target from USD 49.00 to USD 27.50 on October 6, 2026, according to FinanzNachrichten.de. The move followed Nike's fiscal first-quarter results and puts the recovery debate on a more demanding footing.

Three dated operating resets

On August 28, 2026, Nike scheduled its fiscal 2027 first-quarter report and conference call, with the results later showing USD 11.21 billion in revenue. On September 16, 2026, Nike added one board member, Alexandre Arnault. On October 1, 2026, the company reported fiscal 2027 first-quarter revenue of USD 11.21 billion, down 4.00 percent year over year, per Nike.

What does the reset change?

The first-quarter gross margin expanded 60 basis points to 42.80 percent, but the sales mix remained difficult. Greater China revenue fell 22.00 percent on a reported basis to USD 1.18 billion, while North America revenue rose 2.00 percent to USD 5.13 billion.

Nike expects fiscal 2027 revenue to decline at a high-single-digit rate and adjusted earnings per share to land between USD 1.15 and USD 1.35. The Pace transformation is expected to deliver USD 2.50 billion in cumulative savings through fiscal 2031, alongside USD 1.00 billion in pre-tax charges, according to the October 1 release from Nike.

Analysts split on recovery

Berenberg's target cut was followed by a separate Goldman Sachs downgrade from Neutral to Sell. Goldman also lowered its target from USD 49.00 to USD 27.50 on October 6, 2026, as Investing.com reported. The matching targets underline how sharply the weak fiscal 2027 outlook has changed the valuation debate.

The next explicitly listed investor date is October 29, 2026, when Nike's archived first-quarter conference call remains available. Nike's investor calendar lists the October 1, 2026 earnings call as the latest event and carries no later scheduled event, according to Nike.

Euro quote stays near the Xetra base

Nike stock was trading at EUR 31.65 at Lang & Schwarz on October 13, 2026 at 11:27 a.m. CEST, plus 0.92 percent versus the Xetra close of October 12, 2026 at EUR 31.36. On the NYSE, the stock was last at USD 35.35 on October 12, 2026 at 4:00 p.m. ET.

For investors, the key tension is visible in the latest operating split: North America grew 2.00 percent while Greater China contracted 22.00 percent on a reported basis. That gap leaves Pace savings and product portfolio changes competing with a near-term revenue decline.

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