The Company Behind Mounjaro and Zepbound Is Sponsoring Caitlin Clark. Should You Buy the Stock?
When it comes to the business of sports, brand sponsorships are a commonly used strategy. This makes sense, as many athletes tend to become synonymous with certain companies.
It's nearly impossible not to think of when you see Michael Jordan or Serena Williams. Or what about insurance company State Farm? Perhaps Patrick Mahomes comes to mind.
In May, pharmaceutical company Eli Lilly (NYSE: LLY) partnered with the Indiana Fever to be the team's jersey patch sponsor. Since Lilly is based in Indiana, the sponsorship makes a lot of a sense from a community standpoint. With that said, I see an even more lucrative opportunity on the horizon: Associating with Caitlin Clark.
Source Fool.com
Nike Inc. B Stock
€69.59
-0.670%
Currently there is a rather positive sentiment for Nike Inc. B with 71 Buy predictions and 7 Sell predictions.
As a result the target price of 108 € shows a very positive potential of 55.19% compared to the current price of 69.59 € for Nike Inc. B.
