Nike set for rare sales drop with focus on US demand, direct-to-consumer pivot
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Nike (NKE) earnings: Here's what analysts expect
March 21, 2024 1:00 PM EDTNike (NYSE: NKE) will report earnings after the markets close today (Thursday, March 21). Analysts at Telsey Advisory Group and Wells Fargo have released notes highlighting their expectations.
Telsey Advisory lowered its price target for the sportswear giant's shares in their note, to $120 from $140 per share, maintaining an Outperform rating on the stock.
The firm said sentiment on Nike has cooled following the FY24 guidance reduction in late December.... More
