Analysts Cut Nike Forecasts After Q1 Results; Shares Drop 8.9%
What happened
Several analysts lowered their earnings forecasts and price targets on Nike following the company's fiscal first-quarter results, according to Benzinga. The revisions followed the Q1 report released this week. The curator-assigned sentiment on the coverage wave was neutral. Shares traded at $32.38, down 8.88% on the session.
The QL Read
The QL composite sits at 20/100 (Underweight), and the post-earnings -8.88% slide deepens that bearish momentum read. In a risk-on tape (VIX 15.63, 72.6% advancing) the downgrade cluster stands out. QL Whale Tape logged a $1.637M NKE $35 October put crossing bullish.
Source:
Benzinga — "These Analysts Cut Their Forecasts On Nike Following Q1 Results" — 2026-10-02T13:04:45Z
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