Nike Stock: Buy, Sell, or Hold?
Nike (NYSE: NKE) has dominated the sportswear industry for more than a generation, but the sneaker king looks surprisingly vulnerable these days.
Revenue growth has ground to a halt, and the company is backing away from its direct-to-consumer strategy, admitting that it made a mistake in turning away from its wholesale relationships with retailers like Foot Locker.
Indeed, its revenue has been contracting -- it was down 2% in its fiscal fourth quarter, which ended on May 31, and the stock has plunged, now down more than 50% from its peak in 2021. But is Nike's stock poised for a turnaround or will it head even lower?
Source Fool.com
Nike Inc. B Stock
€72.73
-0.100%
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 hugely positive potential of 51.24% for Nike Inc. B compared to the current price of 72.73 €.
