Goldman Sachs cuts target for Nike stock to USD 30.00

Published on 10/13/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal first-quarter revenue fell 4.30 percent. Nike stock costs EUR 31.59 on October 13, 2026, plus 0.73 percent versus the October 12 Xetra close.

Targets earnings and valuation

The bank lowered Nike's target from USD 38.00 to USD 30.00 on October 2, 2026.
Fiscal first-quarter revenue fell 4.30 percent to USD 11.21 billion against USD 11.32 billion consensus.
Nike stock costs EUR 31.59 at Lang & Schwarz on October 13, 2026 at 5:08 p.m. CEST, plus 0.73 percent versus the Xetra close of October 12, 2026, and sits 47.80 percent below its 52-week high.
Nike's next earnings date is December 17, 2026.

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On October 2, 2026, Goldman Sachs lowered its Nike price target from USD 38.00 to USD 30.00 while keeping a Neutral rating, as Markets Insider reported. The USD 30.00 target stood 15.14 percent below the USD 35.35 NYSE price on October 12, 2026. Nike was trading at EUR 31.59 at Lang & Schwarz on October 13, 2026 at 5:08 p.m. CEST, plus 0.73 percent versus the Xetra close of October 12, 2026 at EUR 31.36.

Fiscal first-quarter revenue falls

NIKE reported fiscal first-quarter revenue of USD 11.2 billion for the period ended August 31, 2026, with EBIT of USD 907 million and diluted earnings per share of USD 0.48. The results were published on October 1, 2026.

According to MarketBeat on October 2, 2026, fiscal first-quarter revenue was USD 11.21 billion, down 4.30 percent year over year and below the USD 11.32 billion consensus estimate. The same report said diluted earnings per share exceeded the USD 0.43 consensus estimate by USD 0.05.

Price stays near yearly low

The EUR 31.59 Lang & Schwarz price was 47.80 percent below the 52-week high of EUR 60.52 and 13.23 percent above the 52-week low of EUR 27.90 on October 13, 2026. Trading volume stood at 84,188 shares against an average volume of 61,872, which is 36.31 percent higher than the average.

Market capitalization was EUR 46.7 billion and the price to earnings ratio was 16.92 on October 13, 2026. The figures place Nike's valuation beside a stock that is still close to its yearly low, even though the latest quarter produced positive earnings per share against consensus.

Valuation and December date

Zacks lists December 17, 2026 as Nike's next earnings date and gives a consensus estimate of USD 0.39 for the quarter ending in November 2026. That estimate is below the USD 0.48 diluted earnings per share reported for the fiscal first quarter.

Comparison with peers

Nike: plus 0.73 percent, price to earnings ratio 16.92, market capitalization EUR 46.7 billion
adidas (Xetra, EUR): plus 1.77 percent, price to earnings ratio 19.66, market capitalization EUR 26.7 billion
PUMA (Xetra, EUR): plus 0.22 percent, price to earnings ratio minus 7.72, market capitalization EUR 3.4 billion

Trading level and range

The Lang & Schwarz quote places Nike above the Xetra close of October 12, 2026 while the stock remains 47.80 percent below its 52-week high. The current euro price, the Xetra comparison and the valuation figures give investors a dated view of the stock's position ahead of the December reporting date. The further course of trading is shown by the continuously updated real-time quote of Nike stock.