Here are some key analyst takeaways:Check out other analyst stock ratings.BofA Securities: Nike reported its quarterly results broadly in-line with expectations. And sales declined by 4% in constant currency terms. Tariff refunds of 52 cents per share boosted the company’s earnings of 72 cents per share. Sales in China remained under pressure and management lowered their sales guidance. "We maintain our F27E EPS of $1.60 as lower sales are offset by cost control and stronger GM," Hutchinson wrote.The price target has been reduced to reflect slower-than-expected progress in Nike’s sales turnaround, she added.Guggenheim Securities: Even after excluding the tariff refunds, Nike reported an earnings beat. Siegal credited the growth to “better-than-expected margins and sales across most geographies.” Still, the apparel maker experienced a broad-based slowdown in sales in mid-April.BTIG: Nike made "meaningful progress" during fiscal 2026 by rebalancing its product portfolio, driving growth in performance categories, and reducing footwear franchises, Drbul said. While the environment remains volatile and Nike’s sales recovery is taking longer, the company is executing well to improve its margins and cash flow from operations, he added.The analyst noted Nike’s steps to: