HomeInvestingEarningsNike (NKE) Improving Demand, Yet Stock Continues Lower
Nike (NKE) Improving Demand, Yet Stock Continues Lower

Nike Inc. (NKE) stock price is down over 42% year-to-date. Analysts have cut their price targets based on Nike’s upcoming earnings report. “Nike (NKE) consumer intent mentions are up quarter-over-quarter, which could indicate improving demand. Direct-to-consumer mentions are also up from pre-Covid levels. Nike Tennis, Nike Golf, and the Jordan Brand saw upticks in year-over-year purchase intent mentions,” says LikeFolio’s Megan Brantley. Tom White and Kevin Hincks discuss recent issues for the retail sector from China lockdowns to supply chain concerns.

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29 Sep 2022

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