Nike Stock Price Forecast – Nike Stock at $69.31: Turnaround Gains Momentum with Q1 Earnings, China Recovery, and Nike SKIMS Launch
Nike (NYSE:NKE) Stock Rebounds at $69.31 as Investors Brace for Q1 Earnings
Nike (NYSE:NKE) ended the week at $69.31 per share, valuing the sportswear giant at $102.36 billion. Shares remain more than 40% below their all-time highs, yet the stock has been quietly stabilizing as Wall Street prepares for its Q1 2026 earnings release on September 30. Analysts expect quarterly revenue near $10.98 billion with earnings per share of $0.27, a sharp drop from the $0.94 EPS reported a year earlier, but investors are focusing less on near-term profit compression and more on signs of a bottoming cycle. At current levels, Nike trades at 21.4x forward earnings, well below its five-year average above 30x, giving valuation-driven investors a fresh…
