Nike stock: UBS cuts target for Nike stock from USD 42.00 to USD 34.00

Published on 10/16/2026 at 17:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nike posted USD 11.2 billion revenue in fiscal first quarter 2027. Nike stock costs EUR 33.33 on October 16, 2026, plus 0.27 percent versus the Xetra close.

Analyst target and November date

UBS set a USD 34.00 target after cutting it from USD 42.00 on October 2, 2026.
Nike reported USD 11.2 billion in revenue and USD 0.48 diluted earnings per share for fiscal first quarter 2027.
Nike stock costs EUR 33.33 at Lang & Schwarz on October 16, 2026 at 5:10 p.m. CEST, plus 0.27 percent versus the Xetra close of October 15, 2026.
Nike plans an Investor Day for November 16 and 17, 2026.

NYSE-Handelsparkett mit Börsenkursen auf Displays, neoklassische Architektur, Editorial-Stil — Nike Inc US6541061031 zeigt das NYSE Handelsparkett mit Aktienkurs Bildschirmen im neoklassischen Börsensaal, Illustration mit AI erstellt.

UBS cut its Nike price target from USD 42.00 to USD 34.00 on October 2, 2026, while keeping a neutral rating, according to MarketBeat. Against the USD 37.56 NYSE price at the finance-data timestamp on October 16, 2026, the target is 9.48 percent below the price. Nike stock was at EUR 33.33 at Lang & Schwarz on October 16, 2026 at 5:10 p.m. CEST, plus 0.27 percent versus the Xetra close of October 15, 2026 at EUR 33.24.

USD 11.2 billion first-quarter revenue

Nike's latest reported quarter gives the target revision a difficult operating backdrop. The company reported USD 11.2 billion in revenue and USD 0.48 diluted earnings per share for fiscal first quarter 2027, ended August 31, 2026, on its investor-relations page. NIKE also listed USD 907 million of EBIT for that period.

Price position on October 16

The euro quote sits within a 52-week range of EUR 27.90 to EUR 60.52 on the Xetra listing, leaving the price 19.47 percent above the low and 44.92 percent below the high. The same quote showed 56,519 shares traded against an average volume of 64,931 shares. Nike's market capitalization was USD 55.8 billion, and its price-to-earnings ratio was 17.97.

November 16 Investor Day

Nike had reported its fiscal first-quarter results on October 1, 2026. The company is expected to discuss the next phase of its growth strategy at an Investor Day on November 16 and 17, 2026, as reported by Stock Titan.

Comparison with peers

Nike: plus 0.27 percent, P/E 17.97, market capitalization USD 55.8 billion

adidas (Xetra, EUR): plus 0.63 percent, P/E 20.46, market capitalization EUR 27.8 billion

Puma (Xetra, EUR): minus 0.66 percent, P/E minus 7.98, market capitalization EUR 3.5 billion

NYSE listing and investor calendar

Nike is listed on the New York Stock Exchange under ticker NKE, as stated in its October 2, 2026 quarterly filing. The filing covers the quarter ended August 31, 2026 and identifies NIKE, Inc. as the registrant. The next dated corporate event in the current calendar is the November Investor Day, where management's strategy update will provide the next scheduled operating checkpoint.

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