Will Nike stock recover? (2024)

Will Nike stock recover?

Just about 60% of the 38 analysts tracked by FactSet are bullish on Nike, with an average price target of $118.92, nearly 20% above where the shares trade as of Thursday's close. Shares have yet to recover from the hit they took in December, and have dipped about 7% in 2024.

Will Nike stock go back up?

Stock Price Forecast

The 29 analysts with 12-month price forecasts for Nike stock have an average target of 116.34, with a low estimate of 85 and a high estimate of 136. The average target predicts an increase of 23.61% from the current stock price of 94.12.

Is Nike stock a good buy right now?

The highest analyst price target is $130.00 ,the lowest forecast is $81.00. The average price target represents 19.09% Increase from the current price of $93.98. What do analysts say about Nike? Nike's analyst rating consensus is a Moderate Buy.

Why has Nike stock dropped so much?

Key Points. Nike's sales have flatlined, and profits took a hit in the most recent quarter. Management expects ongoing sluggish results even though profits are expected to bounce back.

What is the outlook for Nike in 2024?

Excluding restructuring charges, the company reiterated its sales outlook for fiscal 2024, and said it expects revenue to grow by 1%, in line with expectations of up 1.1%, according to LSEG. For the current quarter, it expects revenue to be up slightly, compared to estimates of up 2%, according to LSEG.

Should I hold Nike stock?

Is Nike stock a Buy, Sell or Hold? Nike stock has received a consensus rating of buy. The average rating score is and is based on 84 buy ratings, 12 hold ratings, and 1 sell ratings.

Does Nike have a future?

We forecast Nike's Revenues to be $54.3 billion for the fiscal year 2024, up 6% y-o-y. We forecast earnings per share to come in at $3.73.

What is the future of Nike stock?

According to our current NKE stock forecast, the value of Nike shares will rise by 2.11% and reach $ 96.03 per share by May 2, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).

Is Nike a long-term stock?

While the company's stock could likely be pressured in the short term, the company's long-term prospects look good. Nike's revenue for the first six months of fiscal 2024 grew only 1% year-over-year (y-o-y) to nearly $26 billion, but its earnings per share rose a solid 11% y-o-y to $1.97.

Where will Nike stock be in 5 years?

NIKE stock price stood at $94.12

According to the latest long-term forecast, NIKE price will hit $100 by the end of 2024 and then $110 by the middle of 2026. NIKE will rise to $125 within the year of 2027, $150 in 2029 and $200 in 2035.

What's the highest Nike stock price ever?

Who holds the most shares in Nike?

The top shareholders of Nike are Phil Knight, Mark Parker, Andrew Campion, Swoosh LLC, Vanguard Group Inc., and BlackRock Inc. (BLK).

Is Nike a low risk stock?

Nike Inc exhibits very low volatility with skewness of -1.03 and kurtosis of 4.56. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nike's stock risk against market volatility during both bullish and bearish trends.

Is Nike a good investment for 2024?

Key Points. Nike is entering 2024 with low inventory levels and a declining cost burden. That's all good news for the athletic wear giant which has been struggling of late. Still, investors might want to watch from the sidelines until sales trends stabilize.

Will Nike continue to be successful?

By focusing on these success factors, Nike has built a powerful brand that continues to thrive in a highly competitive market. The company's commitment to innovation, sustainability, and customer satisfaction has earned it a loyal customer base and set it apart from rivals.

What is the risk level of Nike stock?

"The Risk Score is a relevant measure for the assessment of a stock attractiveness. NIKE Inc. shows a Risk Score of 8.00.

Which stocks are currently undervalued?

Is it smart to invest in sneakers?

High returns. By reselling shoes at a higher price than what you initially paid for them, you can earn a lot of money with just a little initial investment. For example, if you purchase an Air Jordan 2 Retro OG at retail value for $190 and get a profit of $150 when it's time to sell, your ROI is 75%.

Is Tiger Woods leaving Nike?

Tiger Woods and Nike have ended their partnership after 27 years : NPR. Tiger Woods and Nike have ended their partnership after 27 years Woods signed a five-year deal worth $40 million when he turned pro in 1996 after his unprecedented third straight U.S. Amateur title. It was shocking money at the time.

Why is Nike still so popular?

Nike's success has been tied to its ability to blend product innovation and marketing savvy to develop deep ties between its products and its customers.

How will Nike continue to grow?

Nike's consistent focus on product and marketing innovation should help keep it poised for growth. Nike's focus on brand recognition and growth via endorsem*nts, along with investments in research and development (R&D) and demand generation, should continue to pay off.

What is the fair value of Nike stock?

Is Nike a growth or dividend stock?

NIKE, Inc.'s ( NKE ) dividend yield is 1.58%, which means that for every $100 invested in the company's stock, investors would receive $1.58 in dividends per year. NIKE, Inc.'s payout ratio is 40.78% which means that 40.78% of the company's earnings are paid out as dividends.

How much is it to buy Nike stock right now?

With Nike stock trading at $94.19 per share, the total value of Nike stock (market capitalization) is $142.17B.

Is Nike a good dividend stock?

With a 1.4% dividend yield, Nike may not stand out as the most attractive dividend stock. But its dividend has more than tripled over the last decade, and the outstanding share count is down over 13%. Based on Nike's repurchasing program, we can expect the pace of buybacks to accelerate.