RBC Capital has upgraded Nike Inc (NKE) to Outperform from Sector Perform, signaling a more optimistic outlook for the athletic apparel giant. This upgrade, announced on September 17, 2025, comes as Nike's stock trades at $62.70.
The move underscores a shift in analyst sentiment, potentially reflecting improved fundamentals or confidence in the company's strategic direction. Nike, headquartered in Beaverton, Oregon, engages in the design, development, marketing, and sale of athletic footwear, apparel, and accessories. With a market cap of $94.0 billion and a P/E ratio of 32.45, the company operates across multiple segments, including North America and Greater China.
Looking ahead, Nike is set to report its upcoming earnings on June 24, 2026, with an estimated EPS of $0.32 and revenue of $11.5 billion. Recent performance has shown promising results, with Q1 2026 EPS at $0.49, surpassing estimates by 78.1%.
Analyst ratings serve as professional opinions based on extensive research. While they can provide valuable insights, they are just one of many factors to consider in investment decisions. It's essential to evaluate company fundamentals, competitive positioning, and industry trends when assessing potential investments. Analyst ratings can change as new information becomes available, and different analysts may have varying opinions on the same company.