Where Will Nike Stock Be in 5 Years?
With $46.5 billion in trailing-12-month revenue, (NYSE: NKE) is a leader in the worldwide market for sports footwear and apparel. However, its disappointing financial performances during its ongoing turnaround effort have not helped pull the stock out of its years-long slump. Shares are now down 75% from their peak (as of June 1), and down by about 68% over the past five years. And there's really no telling when investors should expect the company's winning ways to return.
At this point, Nike might be hard for bargain-hunting investors to ignore. But where will this consumer discretionary stock be in five years? The truth is that it's incredibly difficult to forecast.
Image source: The Motley Fool.
Source Fool.com
Nike Inc. B Stock
€34.45
-1.990%
Currently there is a rather positive sentiment for Nike Inc. B with 70 Buy predictions and 5 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 85.78% compared to the current price of 34.45 € for Nike Inc. B.
