Is Nike Stock a Steal of a Deal?
While it can be tempting to buy a hot stock when it's soaring in value, the returns may not be all that great if the stock is already trading at a high. If, however, you're willing to take a chance on a beaten-down stock, then the payoff could be much more attractive in the long run.
(NYSE: NKE) could be that type of stock right now. It's in the early stages of a turnaround, and it may take years before its financials improve. It'll require patience from investors, but it's an option worth considering, especially at a time when the broad market looks inflated and many stocks are trading at high valuations.
Source Fool.com
Nike Inc. B Stock
€57.50
-0.330%
The stock is an absolute favorite of our community with 63 Buy predictions and no Sell predictions.
With a target price of 75 € there is a positive potential of 30.43% for Nike Inc. B compared to the current price of 57.5 €.
