Where Will Nike Be in 5 Years?
Investors in (NYSE: NKE) wish to forget about the past five years. Since early January 2021, this consumer discretionary stock has seen its price collapse 55% (as of Jan. 8). For a business that inspires athletes to perform their very best, Nike has been failing in a remarkable fashion. But it's hoping it can turn things around.
Shares currently trade 63% below their peak. But where will Nike be in five years?
Image source: Nike.
Source Fool.com
Nike Inc. B Stock
€52.37
-2.890%
The stock is one of the favorites of our community with 71 Buy predictions and 1 Sell predictions.
With a target price of 71 € there is a positive potential of 35.57% for Nike Inc. B compared to the current price of 52.37 €.
