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Nike's stock has collapsed from its highs, analysts still show a 30% upside gap, and management just guided earnings far below what Wall Street expected. The math behind those price targets tells a very different story.
Nike (NYSE:NKE) is taking a company-specific hit to its turnaround story, while the rest of athletic apparel holds largely steady. Shares of Nike are down 8% to $32.34 in morning trading after fiscal 2027 first-quarter results showed a revenue miss, a weak outlook and job cuts. Nike stock was already trading near its…