Is Nike a Buy Now?
(NYSE: NKE) is a company that needs no introduction. As it is a globally recognized consumer brand, investors are all too familiar with the famous "Swoosh" logo that can be seen seemingly everywhere we look.
But from an investment perspective, it hasn't been a smooth ride for investors. Down 6% so far in 2023, the stock is not participating at all in the broader market's rally. And in the past five years, Nike shares have lagged the S 500's gain.
Past results don't matter as much as what the future might hold, though. So, should you buy Nike shares right now? Let's take a closer look at this top apparel and footwear business.
Source Fool.com
Nike Inc. B Stock
€73.65
-2.130%
The stock is one of the favorites of our community with 60 Buy predictions and 3 Sell predictions.
With a target price of 110 € there is a positive potential of 49.36% for Nike Inc. B compared to the current price of 73.65 €.
