5 Reasons to Buy Nike Stock Like There's No Tomorrow
Sports apparel giant (NYSE: NKE) is one of the world's most recognizable brands. However, the stock has fallen to multi-year lows after a rough earnings report, and naysayers are coming out of the woodwork to proclaim that Nike no longer has enough brand appeal to retain its apparel and footwear crown.
Is that true? I don't think so. Time will ultimately reveal the truth, but there is plenty of evidence that Nike stock will eventually be back in a big way.
Here are five reasons long-term investors should be scooping up shares of the Swoosh today.
Source Fool.com
Nike Inc. B Stock
€66.84
0.680%
Currently there is a rather positive sentiment for Nike Inc. B with 77 Buy predictions and 8 Sell predictions.
As a result the target price of 107 € shows a very positive potential of 60.08% compared to the current price of 66.84 € for Nike Inc. B.
