Nike could struggle with sales as the athleisure market becomes more crowded and demand for sports-focused loungewear moves past its peak, per Piper Sandler.
Get this delivered to your inbox, and more info about our products and services.
Severe issues in China and a weak outlook discouraged investors, sending Nike shares down sharply.
Nike's turnaround is taking longer than expected.
It's hard for the market to have faith in Nike when its guidance continues to fall short of expectations.
Nike issued Tuesday a weak sales forecast, sparking a sell-off of its shares.
Wells Fargo sees shares of Nike rising 17% from here.
Nike's performance in China will be under the microscope.
