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.

Fast Market

29 Sep 2022

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