Best Stock to Buy Right Now: Nike vs. On Holding
The world of sports footwear and apparel is witnessing a sea change, or so it would seem. The long dominance of (NYSE: NKE) and Adidas is being challenged by smaller, specialty brands like On Holding (NYSE: ONON) and Deckers Brands' Hoka.
To be sure, Nike still owns the largest slice of the pie, but its grip is slipping and its stock price has taken a beating for it. Nike shares are down 24% so far in 2024, having plunged nearly 20% in a single day after its fiscal fourth-quarter 2024 earnings were released in June.
On Holding, on the other hand, saw its share price soar this year, up nearly 70% since the markets opened in January. The two companies look to be on different trajectories, at least at first glance, so which is the better stock?
Source Fool.com
Nike Inc. B Stock
With 61 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 55.5% compared to the current price of 70.74 € for Nike Inc. B.
