Nike falls near 12-year low as investors grow weary of turnaround pace

NIKE

17/08/2026 17:33

** Shares of sportswear giant Nike NKE.N down as much as 3.81% at $39.18 
** Stock set for its lowest since August 2014 if losses hold
** "Nike is nearing an inflection point and can see a sharp rebound in earnings in the coming quarters and new products continue to enter the pipeline," says Zachary Warring, analyst with CFRA Research, adding that investors are weary on how long it is taking, and it is showing up in the share price
** In June, NKE posted a cautious outlook even though it beat Q4 revenue estimates
** 15 of 42 brokerages rate the stock "buy" or higher, 24 "hold" and 3 "sell" or lower; their median PT is $47- data compiled by LSEG
** As of last close, stock was down ~40% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))