Nike: Bull vs. Bear
(NYSE: NKE) has spent decades building one of the most recognizable brands globally. It's one of the leading sneaker and apparel companies and has worked its way to a market capitalization of over $130 billion. Unfortunately for Nike and its shareholders, though, its market cap was once over $280 billion.
Nike has had its fair share of struggles over the past few years, that's for sure. But that doesn't mean all hope is lost. Or does it? Well, let's see, as these two Motley Fool contributors present the bull case and the bear case for this well-known name.
Stefon Walters (Bull): On Sept. 19, Nike announced that its CEO, John Donahoe, would be replaced by Elliott Hill. Donahoe has held the position since January 2020, but the move was all but inevitable given the company's struggles and missteps.
Source Fool.com
Nike Inc. B Stock
The stock is one of the favorites of our community with 63 Buy predictions and 2 Sell predictions.
With a target price of 106 € there is a positive potential of 41.45% for Nike Inc. B compared to the current price of 74.94 €.
