Key Points Nike's stock price has dropped nearly 50% over the past 12 months. One bullish price target shows the stock climbing to $75 by September 2027. Slumping sales in Greater China, as well as with its Converse brand, pose plenty of challenges for Nike to fix. 10 stocks we like better than Nike › Once an iconic brand, Nike (NYSE: NKE) is in the midst of a turnaround that, while showing some signs of progress, is taking longer than expected. The company is seeing improving wholesale revenue, but slumping sales across its Greater China segment and its Converse brand are still concerns. While some analyst price targets look favorable, one bearish view, which prices the stock at $23, suggests further downside could be ahead. Missed Nvidia in 2009?
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