Shares of Nike (NKE) tumbled Friday after the company delivered 澳洲幸运5官方开奖结果体彩网:disappointing revenue guidance the day before, with several analysts optin🔜g to low🔴er their price targets. 

The sneaker giant’s turnaround effort under 澳洲幸运5官方开奖结果体彩网:new CEO Elliott Hill is going to “take time,” JPMorgan analysts said, dropping their price target to $64 from $73. “We continue to anticipate a ‘crawl, walk, run’ setup,” the analysts added, with investors likely having to wait until the back half of fiscal 2026 for ꦦNike to start walking. 

On the company’s earnings call, CFO Matt Friend said Nike’s fiscal 2025 fourth-quarter sales are expected to fall in the low end of “mid-teens” year-over-year, while analysts had projected a roughly 12% decline, according to Visible Alpha. Nike's third-quarter revenue decline was not as severe as Wall Street expected, but JPMorgan noted this year's sales were lifted by Cyber Monday, which did not fall within Nike's third quarter last year. 

Meanwhile, UBS analysts said they "don't believe Nike has improved its product assortment or marketing enough yet to ensure trends won't get worse," lowering their target to $66 from $73. Deutsche Bank trimmed its target to $77 from $80.

Nike shares fell more than 6% intraday Friday and have lost about a third of their value over the past 12 months.