Is It Time to Buy This Forever Stock on the Dip?
I don't think many investors question how successful (NYSE: NKE) has been throughout the past few decades. Its powerful brand and in-demand products have been on top of consumers' minds for a long time.
But the stock has underperformed in recent years. Shares of Nike are currently 49% below their all-time high from Nov. 2021. This might present an opportunity to buy the stock on the dip.
Let's take a closer look at why Nike is a forever stock that investors should seriously consider adding to their portfolios.
Source Fool.com
Nike Inc. B Stock
€87.95
0.480%
The stock is one of the favorites of our community with 46 Buy predictions and 3 Sell predictions.
With a target price of 115 € there is a positive potential of 30.76% for Nike Inc. B compared to the current price of 87.95 €.
