Why Nike Stock Got Tripped Up Today
Shares of Nike (NYSE: NKE) fell Friday morning after the sportswear giant delivered another disappointing set of results in its fiscal 2025 third-quarter earnings report Thursday afternoon. Revenue declined, and the company warned that tariffs could slow its recovery, adding to investors' doubts about its turnaround prospects. As a result, the stock was down 5.3% as of noon ET.
Image source: Getty Images.
In the period, which ended Feb. 28, Nike's revenue fell by 9%, or 7% on a currency-neutral basis, to $11.3 billion, though that beat the consensus estimate of $11.03 billion.
Source Fool.com
Nike Inc. B Stock
€36.09
-1.030%
Currently there is a rather positive sentiment for Nike Inc. B with 71 Buy predictions and 6 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 77.36% compared to the current price of 36.09 € for Nike Inc. B.
