Nike Stock at $100: Time to Buy?
(NYSE: NKE) shares are trading at just above $100 today, which is smack in the middle of the range that investors have seen over the past year. The stock's high in that period was $130 and its lowest point was $89.
Bulls believe it won't be long before the footwear giant returns to those highs with help from rebounding consumer spending and a continued shift toward direct-to-consumer sales. But Nike could also struggle to implement its turnaround plan, keeping pressure on the underperforming stock.
Let's look at why investors should give a bit more weight to the bearish outlook for Nike stock right now.
Source Fool.com
Nike Inc. B Aktie
80,10 €
0,44 %
Und Nike Inc. B steht derzeit mit 63 Buy-Einschätzungen und 2 Sell-Einschätzungen bei unserer Community gut im Kurs.
Das von der Community festgelegte Kursziel für Nike Inc. B von 107 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 80.1 €.
