Nike stock: Goldman Sachs cuts target for Nike stock from USD 38.00 to USD 30.00

Published on 10/19/2026 at 15:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nike revenue was USD 11.21 billion in fiscal 2027's first quarter. Nike stock costs EUR 33.18 on October 19, 2026, down 0.63 percent versus Xetra close.

Analyst target and valuation

Goldman Sachs lowered its Nike target from USD 38.00 to USD 30.00 on October 2, 2026.
Nike reported USD 11.21 billion in revenue for the first quarter of fiscal 2027.
Nike stock costs EUR 33.18 at Lang & Schwarz on October 19, 2026 at 3:06 p.m. CEST, 0.63 percent below the Xetra close of October 16, 2026.
Nike had a P/E ratio of 17.77 and market capitalization of USD 55.1 billion as of October 16, 2026.

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Goldman Sachs lowered its Nike price target from USD 38.00 to USD 30.00 on October 2, 2026, while keeping a Neutral rating, according to Markets Insider. The revised target lies 19.20 percent below Nike's USD 37.13 price on October 16, 2026. Nike stock was trading at EUR 33.18 at Lang & Schwarz on October 19, 2026 at 3:06 p.m. CEST, down 0.63 percent versus the Xetra close of October 16, 2026.

Fiscal 2027 revenue reached USD 11.21 billion

NIKE, Inc. reported USD 11.21 billion in revenue, USD 907.0 million in EBIT and diluted earnings per share of USD 0.48 for the first quarter of fiscal 2027 ended August 31, 2026, according to the company's investor-relations materials at NIKE. The figures put the latest reported quarter at the center of the valuation debate raised by the October target cut.

Yearly range keeps the risk visible

Nike's USD 31.97 to USD 70.44 52-week range was quoted on October 16, 2026. The USD 37.13 price stood 47.29 percent below the high and 16.14 percent above the low. Trading volume was 30,895,098 shares against an average of 32,629,509 shares on that date.

Valuation and company scale

Nike carried a P/E ratio of 17.77, a dividend yield of 0.04 percent and market capitalization of USD 55.1 billion as of October 16, 2026. The combination gives the target revision more weight than a single intraday move, because the price level sits near the lower part of the yearly range while earnings remain positive.

Comparison with peers on October 19, 2026

Nike: minus 0.63 percent, P/E 17.77, market capitalization USD 55.1 billion.

Adidas (Xetra, EUR): minus 1.51 percent, P/E 20.14, market capitalization EUR 27.3 billion.

Puma (Xetra, EUR): plus 0.06 percent, P/E minus 8.05, market capitalization EUR 3.6 billion.

Price remains below the yearly high

For investors, the key contrast is the USD 30.00 Goldman Sachs target against Nike's USD 37.13 home-market price and the 52-week high of USD 70.44. The latest reported quarter provides a measurable operating base, while the current euro quotation remains close to the lower end of its yearly context.

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