1 Stock That Could Be Worth More Than Nike by 2050
(NYSE: NKE) is the undisputed heavyweight champion in the apparel and footwear industry, as its global reach and brand recognition have made it a household name. The stock has rewarded shareholders throughout history, and it's up 1,300% in the past 20 years. What's more, the company's market cap sits at close to $150 billion today.
But looking out between now and 2050, a long time for sure, I think it's completely in the realm of possibilities that Nike's market cap will be overtaken by that of Lululemon (NASDAQ: LULU). That might seem like a wild statement to some, so let's take a closer look at both businesses to gain a better perspective.
Nike has a commanding lead in the global market for sports apparel and footwear, a position it has held for decades. The Oregon-based business produced revenue of $51.2 billion in fiscal 2023 (ended May 31), indicative of its huge scale, with a sizable presence not only in North America but also in various regions across the world. Developing and selling some of the most in-demand merchandise has cemented Nike's status atop the industry.
Source Fool.com
Nike Inc. B Stock
With 46 Buy predictions and 3 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 115 € shows a positive potential of 34.03% compared to the current price of 85.8 € for Nike Inc. B.
