# NIKE stock has dipped 26.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.6%.

*business · news · 2026-05-05 · Barchart*

## Key points

- NIKE's Q3 2026 net income dropped 35% to $0.5 billion with EPS down 35%.
- NIKE Direct revenues fell 4% and Converse revenues plunged 35% in the latest quarter.
- Analysts expect NIKE's EPS to decline 30.1% for fiscal year ending May 2026.
- Deutsche Bank reduced NIKE's price target to $51 while maintaining a Hold rating.

**Companies:** NIKE, Inc.
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1698993/are-wall-street-analysts-predicting-nike-stock-will-climb-or-sink)

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