Nike's stock took a hit in after-hours trading following the release of its fourth-quarter earnings report for Fiscal Year 2024. While earnings per share exceeded analysts' expectations at $1.01, sales decreased by 1.7% year-over-year to $12.61 billion, missing estimates by $250 million. Nike Direct revenues fell 8% to $5.1 billion, with NIKE Brand Digital sales also dropping by 10%. The decline in sales growth has raised concerns among analysts, with some attributing it to a challenging macroeconomic environment. Despite the stock's 15% decline in the past year, Wall Street analysts maintain a Moderate Buy consensus rating on NKE, with an average price target of $110.55 per share, suggesting a 17.17% upside potential. However, analysts predict that estimates may change as a result of the latest earnings report.