Nike price target lowered to $83 from $85 at Truist

Truist analyst Joseph Civello lowered the firm’s price target on Nike to $83 from $85 and keeps a Hold rating on the shares. The firm points to the company withdrawing its FY25 guidance due to weaker-than-expected unit trends and Spring’25 wholesale orderbooks, and given “another miss” in Q1 results, Nike’s visibility into its own business appears lower than previously anticipated, the analyst tells investors in a research note. Bulls have been expecting to see turnaround efforts materialize in Spring 2026, but given this added uncertainty, that timeline may prove “optimistic”, the firm added.