Is Nike a Buy Now?
(NYSE: NKE) is a company that needs no introduction. As it is a globally recognized consumer brand, investors are all too familiar with the famous "Swoosh" logo that can be seen seemingly everywhere we look.
But from an investment perspective, it hasn't been a smooth ride for investors. Down 6% so far in 2023, the stock is not participating at all in the broader market's rally. And in the past five years, Nike shares have lagged the S 500's gain.
Past results don't matter as much as what the future might hold, though. So, should you buy Nike shares right now? Let's take a closer look at this top apparel and footwear business.
Source Fool.com
Nike Inc. B Stock
€35.24
-1.500%
Currently there is a rather positive sentiment for Nike Inc. B with 71 Buy predictions and 5 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 81.64% compared to the current price of 35.24 € for Nike Inc. B.
