Nike stock price showcased lower demand, and market sentiments show a negative outlook for NKE stock. Recently, Wells Fargo revised the target price from $130 to $120 maintaining the overweight rating, whereas UBS says that NKE will outperform despite the weak growth outlook. However, reports depend on the performance of its first quarter, which, if it meets the market estimates, would lead to a rally; otherwise, NKE stock will continue to face headwinds and drag toward $50 soon.