Where Will Nike Be in 5 Years?
Investors in (NYSE: NKE) wish to forget about the past five years. Since early January 2021, this consumer discretionary stock has seen its price collapse 55% (as of Jan. 8). For a business that inspires athletes to perform their very best, Nike has been failing in a remarkable fashion. But it's hoping it can turn things around.
Shares currently trade 63% below their peak. But where will Nike be in five years?
Image source: Nike.
Source Fool.com
Nike Inc. B Stock
€38.53
2.900%
The stock is one of the favorites of our community with 80 Buy predictions and 2 Sell predictions.
With a target price of 66 € there is a hugely positive potential of 71.3% for Nike Inc. B compared to the current price of 38.53 €.
