History Says Nike Stock Is Cheap Right Now. Is It Time to Buy?
(NYSE: NKE) is unusually cheap these days after Wall Street left it out of the recent rally. Shares declined 7% in 2023, in fact, to make the footwear giant one of the worst-performing members of the Dow Jones Industrial Average.
There were some good reasons for the slump, as Nike is struggling with weak demand trends and a heavily promotional selling environment. These challenges won't last forever, though, meaning patient shareholders have a chance to see excellent returns from buying the stock while pessimism is running high on Wall Street.
But is Nike a good buy or a value trap right now? Let's dive right in.
Source Fool.com
Nike Inc. B Aktie
75,10 €
-0,09 %
Nike Inc. B wird von der Community favorisiert: Deutlich mehr Buy- als Sell-Einschätzungen.
Bei einem Kursziel von 110 € ergibt sich ein positives Potenzial von 46.47% für Nike Inc. B im Vergleich zum aktuellen Kurs von 75.1 €.
