Where Will Nike Stock Be in 1 Year?
(NYSE: NKE), one of the world's largest athletic footwear and apparel makers, was once considered a resilient blue chip stock. But over the past 12 months, its stock declined 25% as the S 500 advanced 24%. Its revenue growth stalled out as it struggled with a sluggish North American market and tough competitive headwinds.
So will Nike's stock finally bottom out and climb higher over the next 12 months? Let's review its main challenges, its turnaround plans, and its valuations to find out.
Image source: Getty Images.
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 €.
