Analyst Bullish on Nike (NKE) Despite Challenges

NIKE, Inc. (NYSE:NKE) is one of the 10 Stocks to Watch in July as AI Enthusiasm Returns. Oppenheimer’s Brian Nagel said in a recent program on CNBC that Nike (NKE)’s latest results show the company has seen the bottom, and improvement could be expected in the long term despite challenges.

“I keep telling our clients—I put out another report on Nike earlier this week—I don’t expect any type of all clear, okay? There are challenges ahead, internal and external. But I do think this is probably the worst for Nike, and through fiscal ’26, which they’re now in, I think results get gradually better. That’s where I think this stock really works, because right now it’s heavily underowned, the sentiment is very negative. I think the stock starts to work on these better results.”

Photo by Kaleidico on Unsplash

Madison Large Cap Fund stated the following regarding NIKE, Inc. (NYSE:NKE) in its Q1 2025 investor letter:

“NIKE, Inc. (NYSE:NKE) is still struggling as it attempts to clean up its over-inventoried position and revive new product launches. Given that its shoes are predominantly manufactured overseas, the recent round of tariffs will increase costs as well.”

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Disclosure: None. This article is originally published at Insider Monkey.