RBC Capital Markets Adjusts Nike Price Target Ahead of Capital Markets Day
RBC Capital Markets maintained its 'Sector Perform' rating on Nike while lowering its price target from $40 to $39.
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Nike's long-term footwear manufacturing partner, Changshin, is expanding its use of Palantir's Foundry and AIP platforms to integrate AI into its product development and production workflows.
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RBC Capital Markets maintained its 'Sector Perform' rating on Nike while lowering its price target from $40 to $39.
Four sectors are higher and seven are lower in Thursday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Truist Securities downgraded Nike, Inc. from "Hold" to "Sell," while maintaining a price target of $29 per share.
Truist Securities has downgraded Nike, Inc. from a "Sell" rating to a "Hold" rating, setting a price target of $29.
Morgan Stanley has lowered its price target for Nike, Inc. from $27 to $25.
The article compares Nike and Procter & Gamble as investment options for 2027. Nike trades at a premium valuation (32.2x forward P/E) despite slowing revenue growth, though it offers an attractive 4.19% dividend yield and is on track to become a Dividend King. Procter & Gamble offers more defensive positioning with essential household goods, a lower valuation (23.2x forward P/E), and is already a Dividend King with 70 consecutive years of dividend increases. The author recommends P&G over Nike, citing P&G's superior 2026 performance (+14.1% vs Nike's -38.6%) and more stable business model.