Is Nike Stock Going to $70?
(NYSE: NKE) is the leading sportswear brand, with $46 billion in annual revenue. But the company has dealt with weak sales over the past few years. The stock is currently trading near $61, down 22% over the last 12 months and 65% from its all-time high.
Last year, the company brought in longtime company veteran Elliott Hill as its new CEO to turn things around. The latest quarterly financial results show progress on the turnaround plan, but management's comments suggest it still has a way to go before investors see meaningful results. Here's what this means for the stock's prospects, and whether investors can see a rebound soon.
Image source: Nike.
Source Fool.com
Nike Inc. B Aktie
47,24 €
0,38 %
Nike Inc. B erfreut sich großer Beliebtheit, mit einer hohen Zahl an Buy- und niedriger Zahl an Sell-Einschätzungen.
Ein Kursziel von 70 € für Nike Inc. B signalisiert eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 47.24 €.
