# CNBC's Jim Cramer says he's inclined to stay with Nike stock for now.

*business · news · 2026-04-10 · CNBC*

## Key points

- Piper Sandler downgraded Nike to hold and cut its price target from $60 to $50.
- Analysts question CEO Elliott Hill's reliance on long-time Nike veterans for leadership roles.
- Nike reported flat revenue and a 35% year-over-year earnings per share decline in fiscal Q3 2026.
- Wall Street does not expect Nike to return to annual sales growth until February 2027.

**Companies:** Nike
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/10/nike-drops-on-what-cramer-calls-a-damning-downgrade-his-plans-next-for-the-stock.html)

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