Is This the Biggest Bear Case for Nike Stock?
Apple, Walt Disney, Starbucks, McDonald's, and Coca-Cola are probably some of the businesses that immediately come to mind when thinking about the world's most recognizable consumer-facing brands. These companies can credit their long histories of success to this key trait.
I don't think anyone would disagree that the global leader in footwear and apparel, (NYSE: NKE), belongs in that category. It has dominated its industry because of how well the brand resonates with consumers, particularly versus competitors.
However, this single attribute could also be a reason for caution. Let's take a closer look at Nike and see why.
Source Fool.com
Nike Inc. B Stock
€67.96
0.010%
With 62 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 61.86% compared to the current price of 67.96 € for Nike Inc. B.
