{"id":37322,"date":"2026-03-23T18:54:51","date_gmt":"2026-03-23T18:54:51","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/37322\/"},"modified":"2026-03-23T18:54:51","modified_gmt":"2026-03-23T18:54:51","slug":"ubs-wary-of-nike-inc-nkes-weak-global-sales-but-barclays-confident-of-bounce-back","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/37322\/","title":{"rendered":"UBS Wary of Nike Inc. (NKE)\u2019s Weak Global Sales but Barclays Confident of Bounce Back"},"content":{"rendered":"\n

Nike, Inc. (NYSE:NKE<\/a>) is one of the top Robinhood stocks with high potential<\/a>. On March 19, UBS reiterated a Neutral rating on Nike Inc. (NYSE:NKE) but cut the price target to $58 from $62. The price cut is in response to the company\u2019s weak global sales momentum. Consequently, it expects the company to deliver third-quarter earnings in line with estimates.<\/p>\n

\"UBS UBS Wary of Nike Inc. (NKE)\u2019s Weak Global Sales but Barclays Confident of Bounce Back <\/p>\n

On the other hand, UBS expects Nike to deliver fourth-quarter earnings per share in the range of 3 cents to 18 cents. The EPS guidance would be below consensus estimates of 23 cents per share. In addition, it does not expect the company\u2019s fourth-quarter outlook to show any meaningful quarter-over-quarter improvement in sales growth. It expects the company to project sales growth decline in the low single digits, slightly better than its estimate of 3% decline.<\/p>\n

Earlier on March 11, Barclays upgraded Nike to Overweight and hiked the price target to $73 from $64. The upgrade underscores the research firm\u2019s confidence about the company\u2019s turnaround following the recent slump. According to Barclays, investor sentiment has reached peak skepticism about the company\u2019s financials, hitting a fundamental bottom. Therefore, recent operational progress, financial inflections, and management\u2019s disciplined action could trigger a reset.<\/p>\n

Nike Inc. (NYSE:NKE) designs, develops, markets, and distributes athletic footwear, apparel, equipment, and accessories for sports and fitness. Based in Beaverton, Oregon, it is a global leader in athletic innovation, creating products for basketball, running, football, and golf. The company operates under a mission to bring innovation to every athlete.<\/p>\n

While we acknowledge the potential of NKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/a>.<\/p>\n

READ NEXT:\u00a033 Stocks That Should Double in 3 Years<\/a> and\u00a015 Stocks That Will Make You Rich in 10 Years<\/a>.\u00a0<\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Nike, Inc. (NYSE:NKE) is one of the top Robinhood stocks with high potential. On March 19, UBS reiterated…\n","protected":false},"author":2,"featured_media":37323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[491,223],"class_list":{"0":"post-37322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-nike","9":"tag-ubs"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116280015100934915","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/37322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=37322"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/37322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/37323"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=37322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=37322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=37322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}