We recently published 8 Stocks on Jim Cramer’s Radar. NIKE, Inc. (NYSE:NKE) is one of the stocks on Jim Cramer’s radar.
NIKE, Inc.’s (NYSE:NKE) turnaround has been a frequent feature of Cramer’s discussion of 2025. While the stock is down 20% so far this year and was down 11% before last week’s drop, the CNBC TV host continued to express optimism about the company’s turnaround under the leadership of CEO Elliott Hill. Following NIKE, Inc.’s (NYSE:NKE) fiscal second-quarter earnings release on December 18, several analysts released reports for the company. For example, Truist lowered its price target on the stock to $70 from $85 on Dec. 19 as it maintained a Buy rating on the stock. The firm explained that while NIKE, Inc. (NYSE:NKE) was experiencing headwinds in China, the firm’s wholesale operations in North America and expansions of its retail partners were performing well. BTIG also cited optimism in Hill on the 19th, after reiterating a Buy rating and $100 stock price target. Cramer analyzed NIKE, Inc.’s (NYSE:NKE) woes in China and shared insights on what the stock might need to do well:
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“Remember the turns we need, the Nike turn, the Starbucks turn, the FedEx turn, not a minor turn. I think of the three, Nike still has too much inventory…
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Disclosure: None. This article was originally published in privileged monkey.