Jim Cramer Predicts NIKE Stock’s Rise to $100
Jim Cramer, a prominent financial analyst, is optimistic about NIKE, Inc. (NYSE:NKE) as the company aims for a stock price recovery. He predicts that NIKE’s stock could reach $100 following a substantial turnaround led by CEO Elliott Hill.
Current Stock Performance and Outlook
As of early 2025, NIKE’s stock has seen significant fluctuations. Year-to-date, the stock is down by 20%, with an 11% decline noted just before last week. Despite these challenges, Cramer remains hopeful about NIKE’s potential.
Analyst Insights Post Earnings Release
NIKE’s second fiscal quarter earnings were announced on December 18, sparking attention from various analysts.
- Truist adjusted its target price for NIKE, reducing it from $85 to $70 on December 19, while maintaining a Buy rating.
- Analysts cited difficulties the company faces in the Chinese market, but noted strong performance in wholesale operations in North America and retail partnerships.
- BTIG reiterated a Buy rating on December 19 and set a price target of $100, reflecting confidence in leadership under Elliott Hill.
Challenges Faced by NIKE
Cramer addressed the challenges NIKE faces, particularly regarding inventory levels. He noted that the company still holds excess inventory, impacting its current performance.
Long-term Investment Considerations
While Cramer acknowledges NIKE’s potential as an investment, he also emphasizes the appeal of certain AI stocks, suggesting they may offer higher returns with lower risk profiles. Investors seeking broader opportunities should remain informed about market shifts and emerging trends.
In summary, Cramer believes NIKE’s stock has significant upside potential. The company’s strategic moves and leadership may support a rise toward $100 if the turnaround continues to progress.
