Nike shares recovered on Friday after President Donald Trump suggested a possible agreement with Vietnam to reduce recently announced tariffs. The stock was up around 5% in late-morning trading.
Nike Inc (NYSE:NKE) stock is under heavy pressure following President Donald Trump's sweeping tariff announcement.
Nike (NKE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Nike's (NKE -11.95%) management team told investors the turnaround would take longer than expected.
Athletic apparel giant Nike (NKE 0.40%) has already completed three quarters for its fiscal 2025 and results haven't been great. Through the fiscal third quarter of 2025, revenue is down 9% from the same three quarters of fiscal 2024.
Things went from bad to worse for Nike (NKE -0.14%) last month as the struggling sportswear giant posted disappointing results in its fiscal third-quarter earnings report and warned that its performance would get even worse in the fourth quarter.
The apparel industry is hypercompetitive and participants have to deal with boom and bust cycles, constant new entrants, and changing trends seemingly every year. One sports apparel company has developed a reputation for strong performance in this industry: Nike (NKE 0.43%).
Stock market investors are circling Nike (NKE -3.76%) stock as a potential buying opportunity.
Nike (NKE -3.76%) is undergoing a turnaround strategy that is causing investors to be abuzz.
Nike (NKE -3.76%) stock plummeted to new lows following its latest earnings update. This iconic sportswear brand has suffered declining sales over the last year, which has sent the stock down 62% from its previous peak.
Nike's (NKE -3.76%) incoming CEO is working diligently to reverse the missteps of the previous leadership team.
Nike Inc (NYSE:NKE, ETR:NKE) is poised for a major comeback, according to Jefferies analysts who recently issued a "Buy" rating for the company with a price target of $115. This represents a potential upside of approximately 75% from its current share price of $65.80.