From StockTwits: 2025-03-23 21:56:00

Several Wall Street brokerages, including Bernstein, Morgan Stanley, and JP Morgan, have lowered their price targets on Nike, Inc (NKE) after the company reported a dour quarterly forecast, causing shares to hit five-year lows. Bernstein, Morgan Stanley, Wells Fargo, UBS, and others cut their PTs, with Nike expecting revenue in the ongoing fourth quarter to decline more than expected. Despite this, retail investors on Stocktwits have shifted sentiment towards Nike to ‘neutral,’ with positive comments noting the company’s strong financial position and rebuilding relationships with retailers. Nike shares are down 10.2% year to date.



Read more at StockTwits: Nike Gets A Wave Of Price-Target Cuts From Wall Street, But Retail Traders Are Not Totally Rattled