Nike: Bull vs. Bear
(NYSE: NKE) has spent decades building one of the most recognizable brands globally. It's one of the leading sneaker and apparel companies and has worked its way to a market capitalization of over $130 billion. Unfortunately for Nike and its shareholders, though, its market cap was once over $280 billion.
Nike has had its fair share of struggles over the past few years, that's for sure. But that doesn't mean all hope is lost. Or does it? Well, let's see, as these two Motley Fool contributors present the bull case and the bear case for this well-known name.
Stefon Walters (Bull): On Sept. 19, Nike announced that its CEO, John Donahoe, would be replaced by Elliott Hill. Donahoe has held the position since January 2020, but the move was all but inevitable given the company's struggles and missteps.
Source Fool.com
Nike Inc. B Stock
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 81.05% compared to the current price of 35.35 € for Nike Inc. B.
