Down 58%, Is This S&P 500 Stock a Once-in-a-Generation Investment Opportunity?
People all over the world recognize (NYSE: NKE) as the top brand in the sportswear industry. That positioning will be on full display during the 2024 Summer Olympic Games in Paris. However, investors have seen much better days when it comes to this struggling enterprise.
As of this writing, Nike trades 58% off its all-time high, a record that was established in November 2021. The business is clearly dealing with some issues that investors don't like.
But does this setup make the consumer discretionary stock a once-in-a-generation investment opportunity right now?
Source Fool.com
Nike Inc. B Stock
€70.82
-1.670%
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 55.32% for Nike Inc. B compared to the current price of 70.82 €.
