What’s Going On With Nike Stock Today?

by | Mar 10, 2026 | General

Nike Inc. (NYSE:NKE) stock gained in Tuesday’s premarket trading. Nasdaq futures are up 0.39% while S&P 500 futures have gained 0.26%.

Nike Locks In Fresh $1 Billion Credit Line

On Mar. 6, Nike entered a new 364-Day credit agreement with Bank of America, N.A. as administrative agent. The deal provides up to $1 billion in unsecured revolving credit. It covers working capital and general corporate purposes, including commercial paper support.

The facility matures on Mar. 5, 2027. Nike may expand borrowings up to $1.5 billion with lender consent. Simultaneously, Nike terminated its prior $1 billion facility dated Mar. 7, 2025, which carried no outstanding balances at termination.

$300 Million Restructuring Plan Approved

In a separate Feb. 27, filing, Nike disclosed management approved organizational changes. These actions, combined with prior steps, are expected to generate approximately $300 million in pre-tax charges for the nine months ended Feb. 28. Charges are primarily tied to employee severance costs.

RBC Capital analyst Piral Dadhania reiterated an Outperform rating on NKE, maintaining a $78 price target, according to Benzinga Pro.

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the Mar. 31 earnings report.

Here’s what to expect:

  • EPS Estimate: 30 cents (Down from 54 cents YoY)
  • Revenue Estimate: $11.25 billion (Down from $11.27 billion YoY)
  • Valuation: P/E of 33.1x (Indicates premium valuation)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $79.70.

Recent analyst moves include:

  • RBC Capital: Outperform (Maintains Target to $78.00) (Mar. 5)
  • BTIG: Buy (Maintains Target to $100.00) (Jan. 27)
  • Keybanc: Overweight (Lowers Target to $75.00) (Jan. 22)

NKE Price Action: Nike shares were up 1.08% at $57.14 during premarket trading on Tuesday, according to Benzinga Pro data.

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