Piper Sandler Cuts NIKE Price Target to $60

Footwear giant faces headwinds as analysts lower expectations

Apr. 1, 2026 at 6:21pm

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Investment firm Piper Sandler has lowered its price target for NIKE (NYSE:NKE) stock from $75 to $60, citing ongoing challenges for the global athletic apparel and footwear brand. The new $60 price target represents a potential upside of 33% from NIKE's current trading price.

Why it matters

NIKE's stock has struggled in recent months as the company navigates macroeconomic headwinds, supply chain disruptions, and increased competition. This latest price target cut from a major Wall Street firm signals that analysts see more turbulence ahead for the iconic brand.

The details

In a research note, Piper Sandler analysts maintained an "overweight" rating on NIKE shares but lowered their price target from $75 to $60. The new $60 target suggests potential upside of 33% from NIKE's current trading price around $45 per share. Piper Sandler cited ongoing challenges for NIKE, including supply chain issues, inventory buildups, and increased competition from rivals.

  • NIKE stock is down over 14% on Wednesday, April 1, 2026.

The players

Piper Sandler

A major investment firm that provides research coverage and recommendations on NIKE stock.

NIKE

The global athletic apparel and footwear brand, headquartered in Beaverton, Oregon.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This latest price target cut from Piper Sandler underscores the challenges facing NIKE as it navigates a complex macroeconomic environment and increased competition. Investors will be closely watching the company's ability to manage supply chain issues, inventory levels, and maintain its competitive edge in the global athletic apparel market.