Could Nike Be a Millionaire Maker Stock?
Nike (NYSE: NKE) is among the most iconic brands in the world. The ubiquitous swoosh is regarded as the most valuable apparel brand globally with a price tag of $34.8 billion, according to a 2020 study by Brand Finance. The organization's broad reach has powered the stock to total returns of 72,790% since its public debut in 1980.
Long-term investors, however, don't care about where a company has been nearly as much as where they think it will be in the years to come. Here we will gauge Nike's long-term prospects for shareholders, and if it can continue yielding historically impressive returns.
Image source: Nike.
Source Fool.com
