Bernstein Kept a $45 Target on Nike This Week. Here’s the Earnings Path That Target Needs

General Investing Bernstein Kept a $45 Target on Nike This Week. Here’s the Earnings Path That Target Needs Gian Estrada • 6 minute read Reviewed by: David Hanson Last updated Nov 5, 2026 @Erik Mclean from Pexels via Canva; @Kzara Visual via Canva Key Takeaways Bernstein has kept its Outperform rating and $45 target on Nike since Oct. The stock is up 19% over the past month but still down 37% this year. On Wall Street’s fiscal 2028 earnings estimate, the $45 and $50 bull targets need only about Nike’s five-year average forward P/E. That estimate depends on EPS rising about 22% while revenue grows about 1%, and analysts cut this year’s estimate by 25% in 90 days.