Nike Stock at $100: Time to Buy?
(NYSE: NKE) shares are trading at just above $100 today, which is smack in the middle of the range that investors have seen over the past year. The stock's high in that period was $130 and its lowest point was $89.
Bulls believe it won't be long before the footwear giant returns to those highs with help from rebounding consumer spending and a continued shift toward direct-to-consumer sales. But Nike could also struggle to implement its turnaround plan, keeping pressure on the underperforming stock.
Let's look at why investors should give a bit more weight to the bearish outlook for Nike stock right now.
Source Fool.com
Nike Inc. B Aktie
35,01 €
-0,41 %
Die Nike Inc. B Aktie ist leicht im Trend: Mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 64 € für Nike Inc. B weist auf eine Steigerung von über 50% gegenüber dem aktuellen Kurs von 35.01 € hin.
