The global leader in athletic apparel is a market outperformer that can help investors sleep well at night. Over the trailing five- and 10-year periods, Nike’s (NKE 0.46%) stock has produced stellar returns of 129% and 353%, respectively, handily beating the S&P 500.
Will Nike stock go up?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Nike Inc have a median target of 130.00, with a high estimate of 185.00 and a low estimate of 106.00 The median estimate represents a +26.76% increase from the last price of 102.56.
What will Nike stock be worth in 5 years?
Nike stock 1-year forecast is $154.685. The forecasts also show that NKE could be worth as much as $265.916 in the next five years. With a five-year investment, you can expect up to +107.84% gain in value. “On average, Wall Street analysts predict that Nike’s share price could reach $175.57 by March 2023.
Is Nike stock undervalued?
(NYSE:NKE) Suggests It’s 20% Undervalued.
Is Nike a good long term investment?
Nike is a stock you’ll want to buy and hold for the long term The shares probably won’t gain overnight. But Nike’s earnings prospects look positive. These potentially strong earnings are likely to push the stock higher over time as they did in the past.
Why is Nike a good investment?
Currently, Nike Inc’s price-earnings ratio is 40.7 Nike Inc’s trailing 12-month revenue is $46.2 billion with a 13.2% profit margin. Year-over-year quarterly sales growth most recently was 15.6%. Analysts expect adjusted earnings to reach $3.576 per share for the current fiscal year.
What does the future look like for Nike?
The sports giant is now expecting 2022 revenue to hit over $50 billion , Chief Financial Officer Matt Friend said on a call with analysts. As with previous years, Nike is honing in on digital and DTC. The company is expecting to reach 50% digital, through its own channels and its partners, by 2025 (from 35% now).
Is Nike a good dividend stock?
Nike is a Dividend Contender with 21 consecutive years of dividend growth Shares currently yield 0.88%. Nike shares are off more than 20% from the highs reached in November 2021 and are much more attractive than just a few months ago.
What is the highest Nike stock has been?
- The all-time high NIKE stock closing price was 177.51 on November 05, 2021.
- The NIKE 52-week high stock price is 179.10, which is 62.1% above the current share price.
How many times has Nike split its stock?
According to our Nike stock split history records, Nike has had 6 splits.
What is Nike’s 1 year target estimate?
What is NKE’s Price Target? According to 23 Wall Street analysts that have issued a 1 year NKE price target, the average NKE price target is $147.57 , with the highest NKE stock price forecast at $196.00 and the lowest NKE stock price forecast at $116.00.
What does owning stock mean?
Stocks, shares and equities are terms used to describe units of ownership in one or more companies The owner, known as a shareholder, will also have the right to part of the company’s earnings if a dividend payment is made, as well as voting rights.
Is Nike publicly traded?
4 The co-founder of Nike, phil knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.
What is the best company to invest in?
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Why Nike stock is increasing?
Nike Stock Rallies After Strong Earnings Report Shares of Nike gained strong upside momentum after the company released its fiscal third quarter earnings report. The company reported revenue of $10.9 billion and GAAP earnings of $0.87 per share, beating analyst estimates on both earnings and revenue.
Is Netflix a good stock to buy?
Good news, investors! Netflix is still a bargain right now according to my price multiple model, which compares the company’s price-to-earnings ratio to the industry average.
Citations
https://simplywall.st/stocks/us/consumer-durables/nyse-nke/nike/news/an-intrinsic-calculation-for-nike-inc-nysenke-suggests-its-2
https://www.fool.com/investing/2022/05/05/1-reason-to-buy-nike-stock-and-hold-for-decades/
