Are Wall Street Analysts Predicting NIKE Stock Will Climb or Sink?

With a market cap of $65.8 billion, NIKE, Inc. (NKE) is a global company that designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids across multiple regions worldwide. It offers products under well-known brands like Nike, Jordan, and Converse, while also providing digital services, sports experiences, and retail platforms.

Shares of the athletic apparel maker have underperformed the broader market over the past 52 weeks. NKE stock has dipped 26.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.6%. In addition, shares of the company are down 32.4% on a YTD basis, compared to SPX’s 5.2% gain.