Nike stock falls after Telsey cuts price target to 44 dollars

Published on 09/15/2026 at 14:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nike stock trades near its 52-week low around September 15, 2026 after Telsey Advisory Group cut its price target to 44 dollars. Analysts highlight weak sales trends and a slow turnaround while the shares remain down 40% year-to-date.

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Nike stock (ISIN US6541061031) is trading close to its 52-week low, with the shares around USD 37.05 as of September 14, 2026, while analysts increasingly question the pace of the company’s turnaround, according to recent coverage dated September 15, 2026.

Telsey cuts Nike price target to 44 dollars

According to Investing.com on September 15, 2026, Telsey Advisory Group lowered its price target on Nike shares to USD 44 from USD 47 while maintaining a Market Perform rating.

The same report states that Nike stock trades at about USD 37.05 and is down 40% year-to-date, hovering near a 52-week low of USD 36.55, underscoring how far the shares have fallen compared with earlier levels.Investing.com

Price level and recent performance

Price data from a historical overview show that Nike closed at USD 37.05 on September 14, 2026 on its primary listing on the New York Stock Exchange, up 0.68% from a prior close of USD 36.80, with an intraday range between USD 36.63 and USD 37.41 and trading volume around 23.27 million shares.Investing.com

The same historical data set indicates that this recent closing price of USD 37.05 sits just above the 52-week low of USD 36.55, leaving the stock only about 1.4% above that low, a sign that investor sentiment remains cautious.Investing.com

Analysts highlight slow turnaround and weak sales trends

In its analysis, Telsey Advisory Group argues that Nike’s turnaround is progressing slowly, noting that consumers appear tired of some lifestyle footwear styles and that the company is responding by refocusing on sports, rebalancing its product portfolio with more new offerings, and strengthening relationships with wholesale partners, particularly in North America.Investing.com

The same report points out that sales trends remain weak in large parts of Nike’s business, including sportswear, international markets and direct-to-consumer channels, and suggests that these areas are unlikely to show meaningful improvement until fiscal year 2028, with the firm expecting the stock to remain range bound until there is greater visibility on renewed sales growth and operating margin expansion.Investing.com

Valuation metrics and longer-term expectations

Telsey’s new price target of USD 44 reflects a price-to-earnings multiple of about 22 times the firm’s revised fiscal 2028 earnings per share estimate of USD 2.00, compared with Nike’s current price-to-earnings ratio of roughly 17.7, which indicates that the analyst still sees some upside from the present share price even after the target reduction.Investing.com

Additional context in the same coverage notes that other firms such as Morgan Stanley and BMO Capital have recently taken more cautious stances on Nike, emphasizing the risk of negative earnings-per-share revisions and structurally lower margins as lifestyle demand slows, while UBS maintains a Neutral rating and questions whether current valuations fully reflect these challenges.Investing.com

Corporate actions and shareholder considerations

The same analysis also references recent corporate governance developments, noting that Nike shareholders rejected a proposal for increased climate transparency, which raises questions about how the company balances its environmental ambitions with financial and regulatory pressures as it navigates a challenging market backdrop.Investing.com

Separate insider-transaction data show that Nike’s chief legal officer sold 3,646 shares at a price of USD 37.59 on September 9, 2026, at a time when the company had delivered a negative total return of about 49% over the preceding 12 months, illustrating how the share price decline has affected longer-term performance metrics.Yahoo Finance

Stock remains near recent lows

As of the last completed trading day on September 14, 2026, Nike stock closed at USD 37.05 on the New York Stock Exchange, only slightly above its 52-week low of USD 36.55, highlighting how the combination of slower sales trends, cautious analyst commentary and macro headwinds has kept the shares under pressure despite management’s efforts to reposition the brand and product mix.Investing.com