3 Concerning Trends Nike Investors Should Keep an Eye On
Nike (NYSE: NKE) has a strong business and brand, but it's facing plenty of challenges right now. Consumers are tightening up on spending, supply chain issues have impacted its inventory, and investors are feeling bearish on the company as a whole with shares of Nike down 8% this year.
How the iconic sports apparel maker performs during the rest of the year could depend on whether the following three trends continue to be a problem. Let's take a look at each:
Over the past few years, businesses experienced a surge in online spending as lockdowns and restrictions during the pandemic kept consumers out of stores. Nike's online sales growth rate has been no different -- posting impressive numbers in recent years. However, that growth has been trending down.
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 33.19% compared to the current price of 86.34 € for Nike Inc. B.
