3 Reasons Nike Stock Can Be a Great Long-Term Buy
Nike (NYSE: NKE) is a top apparel company, and its iconic brand is known around the world. Even though its products are often more expensive than others, the company has managed to grow its business significantly for years. Today, its market capitalization is around $130 billion.
But lately, investors have grown worried about the company's growth prospects. Business has been slowing down, and inflation isn't helping. While the short-term headwinds can send it lower this year (it's already down 22%), this is why I think the stock can still be a winner in the long run.
Even if you're not a customer of Nike's and think its products are too expensive, the data suggests that there's still a lot of interest from younger people. The company's brand ranks high among teens, according to a report this year from Piper Sandler.
Source Fool.com
Nike Inc. B Aktie
Klarer Community-Favorit: Nike Inc. B mit vielen Buy- und wenigen Sell-Einschätzungen.
Für Nike Inc. B ergibt sich mit einem Kursziel von 110 € eine mögliche Steigerung von über 50% gegenüber 70.79 €.
