Nike faces a prolonged recovery period as Telsey Advisory slashes its price target to $44 and the stock prepares for an exit from the S&P 100 index amid declining hedge fund interest.
Telsey Advisory cut its price target to $44 and sees weak sales trends continuing until fiscal 2028, while Nike is also being removed from the S&P 100.
Telsey Advisory Group lowered its price target on Nike to $44, citing persistent sales weakness across sportswear and direct-to-consumer channels. Analysts expect the company's turnaround to remain sluggish through fiscal 2028, compounded by Nike's upcoming removal from the S&P 100 index on September 21.
S&P Dow Jones Indices announced that Nike will be removed from the S&P 100 effective September 21, 2026, following a period of significant market capitalization decline.
Nike is scheduled to report its first-quarter fiscal 2027 results on October 1, 2026.