Nike Stock Not a Buying Opportunity Yet

30 days ago

Parkev Tatevosian, CFA

"So I would say no. Nike stock is not a buying opportunity here and I will be reiterating my hold rating and just kind of waiting to see more evidence of this turnaround. Or if I don't see any greater evidence of the turnaround, maybe I get to catch Nike stock at a much lower price in the next few months. That could also be attractive. But at these prices, I wouldn't touch Nike stock."

The analyst clearly states that despite the recent 10% drop, Nike stock remains fairly valued at current prices and is not an attractive buying opportunity. He cites persistent headwinds such as margin pressures from tariffs and a challenging macroeconomic environment, and notes that the turnaround strategy has not yet produced company-wide improvements. He prefers to wait for more convincing evidence or a lower entry price before recommending a buy.

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