Nike Is Struggling, But Might Be A Buy Already

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Nike Is Struggling, But Might Be A Buy Already

Nike's stock, previously rated as a "Sell" due to high valuation, has declined 37% since 2020, making its valuation multiples more reasonable.
Despite recent revenue and earnings declines, Nike's long-term fundamentals remain strong, with a wide economic moat and consistent performance.
Analysts expect Nike's bottom line to grow at a CAGR of 9.09% over the next decade, supported by market share gains and share buybacks.
Given its current valuation and strong support levels, Nike is now rated as a cautious "Buy" for long-term investors.

ozgurdonmaz

My last article about Nike, Inc. (NYSE:NKE) was published four years ago in October 2020 and back then I rated the stock as a “Sell” – and among the nearly 800 articles I have written in last eight years, there

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Moonwalker
·11-11
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