NKE NIKE, Inc.
Price Chart
Executive Summary
Piper Sandler double downgraded AAPL to Neutral from Overweight, slashing its price target 17% to $50 (from $60). The move comes from a firm with a 54% accuracy rate on 3,763 calls, adding weight to the bearish signal. Consensus remains tilted bullish with 23 Buy ratings (51%) versus 20 Holds (44%) and 2 Sells (4%), but momentum is shifting sharply. Mean price target is $61.08, implying 38% upside from the current $44.14, while Piper’s $50 sits well below both the mean and median $55.8. EPS estimates have cratered over the past 30 days: current quarter consensus dropped from $0.215 to $0.114, and next quarter from $0.628 to $0.450. Insider buying by CEO Tim Cook and other executives provides a bullish counterpoint, but institutional trimming (Bank of America cut 45.5%) and a 58.4% short ratio signal caution. The downgrade reinforces a deteriorating fundamental outlook, but insider conviction suggests the stock may be oversold.
Impact Score
Consensus & Targets
Out of 45 analysts covering AAPL, the breakdown is 10 Strong Buy, 13 Buy, 20 Hold, 2 Sell, and 0 Strong Sell. That’s 51% Buy-side, 44% Hold, and 4% Sell, a consensus that still leans bullish but with a sizable hold camp. The direction is mixed, as recent downgrades are eroding the buy-side majority.
Mean price target is $61.08, median $55.80, high $120, low $23. Current price $44.14 implies 38.4% upside to the mean. Piper Sandler’s new $50 target is below both the mean and median, offering a more conservative 13.2% upside from current levels.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-05-08 | Wells Fargo | downgrade | Equal-Weight | $45.00 |
| 2026-04-13 | HSBC | downgrade | Hold | $48.00 |
| 2026-04-10 | Piper Sandler | downgrade | Neutral | $50.00 |
| 2026-04-02 | Goldman Sachs | downgrade | Neutral | $52.00 |
| 2026-04-01 | Citigroup | maintain | Neutral | $53.00 |
| 2026-04-01 | JP Morgan | downgrade | Neutral | $52.00 |
| 2026-04-01 | Barclays | maintain | Overweight | $67.00 |
| 2026-04-01 | BNP Paribas | maintain | Underperform | $23.00 |
| 2026-04-01 | Piper Sandler | maintain | Overweight | $60.00 |
| 2026-04-01 | Evercore ISI Group | maintain | Outperform | $57.00 |
Over the past 30 days, AAPL has seen 0 upgrades and 2 downgrades (including this one). EPS estimates have been revised sharply lower: current quarter dropped from $0.215 to $0.114 (-47%), next quarter from $0.628 to $0.450 (-28%), and next fiscal year from $1.954 to $1.854 (-5%). The trend is decisively negative.
Firm Track Record — Piper Sandler
Piper Sandler accuracy: 54% on 3763 calls | avg return: 3.6%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Wedbush | 67% | 2/3 | 0.2% | top tier |
| TD Cowen | 60% | 3/5 | 2.5% | above average |
| Williams Trading | 50% | 2/4 | 8.9% | below average |
| Goldman Sachs | 50% | 2/4 | 10.1% | below average |
| Keybanc | 50% | 1/2 | 2.3% | below average |
| Oppenheimer | 50% | 1/2 | 4.3% | below average |
| Citigroup | 43% | 3/7 | 2.2% | below average |
| RBC Capital | 38% | 3/8 | -1.2% | below average |
| Evercore ISI Group | 33% | 2/6 | 0.7% | below average |
| BMO Capital | 33% | 1/3 | -5.1% | below average |
Piper Sandler has a 54% accuracy rate on 3,763 calls with an average return of 3.6%. This is above the average of firms covering AAPL, the majority of which have accuracy below 50% on small samples (e.g., BofA 22%, Deutsche Bank 25%). The most accurate firm, Wedbush (67% on 3 calls), has too few calls to be statistically meaningful.
Earnings Estimates
Next earnings: Jun 24, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $0.11 | $0.05 — $0.16 | $10.8B | ↑0 ↓0 |
| +1q | $0.45 | $0.39 — $0.51 | $11.5B | ↑1 ↓0 |
| 0y | $1.50 | $1.38 — $1.70 | $46.3B | ↑0 ↓0 |
| +1y | $1.85 | $1.51 — $2.35 | $46.6B | ↑0 ↓0 |
Cross-Platform Signals
Insider trades show significant buying: CEO Tim Cook purchased $1.06M on Apr 10, and other executives bought over $1M each. This is bullish. However, institutional changes reveal Bank of America trimmed 45.5% of its position, and funds like Renaissance Technologies exited. Short interest is high at 58.4% of volume, suggesting bearish positioning. The insider buys diverge from the bearish analyst and institutional signals.
Actionable Insight
The downgrade aligns with a broader sell-side shift and deteriorating earnings estimates, but insider buying provides a contrarian signal. Traders should watch for further downgrades or a stabilization in EPS revisions before initiating new positions.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
today
|
ANALYST-DOWNGRADE
| $43.97 awaiting T+5 | awaiting T+5 | — | $43.23 (−1.68%) |
|
Jun 7, 2026
2d ago
|
ANALYST-DOWNGRADE
| $44.15 $41.88 | ▼ −5.14% | ▼ −5.35% | $43.23 (−2.08%) |
|
Jun 1, 2026
8d ago
|
ANALYST-DOWNGRADE
| $44.19 $42.62 | ▼ −3.56% | ▼ −7.17% | $43.23 (−2.17%) |
|
Jun 1, 2026
9d ago
|
ANALYST-DOWNGRADE
| $44.61 $43.99 | ▼ −1.39% | ▼ −5.16% | $43.23 (−3.09%) |
|
May 31, 2026
9d ago
|
ANALYST-UPGRADE
| $55.69 $53.44 | ▼ −4.04% | ▼ −1.85% | $43.23 (−22.37%) |
|
May 13, 2026
27d ago
|
ANALYST-DOWNGRADE
| $42.89 $46.50 | ▼ −8.42% | ▼ −5.12% | $43.23 (−0.80%) |
|
May 13, 2026
28d ago
|
Court Ruling
| $42.35 $44.18 | ▼ −4.32% | ▼ −4.46% | $43.23 (−2.09%) |
|
May 10, 2026
4w ago
|
ANALYST-DOWNGRADE
| $42.62 $46.02 | ▼ −7.98% | ▼ −3.47% | $43.23 (−1.44%) |
|
May 8, 2026
4w ago
|
ANALYST-DOWNGRADE
| $44.15 $42.02 | ▲ +4.82% | ▲ +6.28% | $43.23 (+2.08%) |
|
May 6, 2026
5w ago
|
Court Ruling
| $43.83 $42.35 | ▼ −3.37% | ▼ −4.50% | $43.23 (−1.36%) |
US Market Status
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