The 28 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 100.00. The median estimate represents a +17.46% increase from the last price of 110.68.
https://youtube.com/watch?v=tuXWY5PTT8s
In this post
Is Nike a good investment now?
Considering the last three quarters, Nike’s revenue was up 7% y-o-y to $34.5 billion, while profitability rose 9% y-o-y to $2.91 per share. The company has focused on protecting its margins which grew 190 basis points to 46.3% in the first nine months of 2022.
Is Nike stock a buy in 2022?
Key Points. Nike turned out mid-single-digit total revenue and earnings growth in fiscal 2022. The company should have the flexibility to keep growing its dividend. The stock is reasonably priced for its growth prospects.
Why is Nike stock down 2022?
The decline pushed the footwear and apparel giant deeper into negative territory so far in 2022, down 38% compared to the market’s 20% drop. It was driven by an earnings report that had investors worried about a persistent growth slowdown ahead.
Is Nike a buy sell or hold?
NIKE has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 20 buy ratings, 10 hold ratings, and no sell ratings.
Why is Nike stock going up?
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 Nike stock undervalued?
Nike Inc secures a last-minute Real Value of $130.91 per share. The latest price of the firm is $113.16. At this time, the firm appears to be undervalued.
USD 113.16 2.85 2.46%
| Low | Target Price | High |
|---|---|---|
| 140.00 | 184.65 | 202.00 |
Does Nike pay a dividend?
From its 1985 to 2019 after adjusting for its stock splits, Nike paid out quarterly dividends ranging from 0.5 cents per share in 1985 to 88 cents per share in 2019. Over the past three years, Nike’s dividend has increased by an average of 15.8% per year.
What affects Nike stock?
Some of the things investors should be aware of that impact Nike’s financial and its stock include currency fluctuations, consumer tastes, geopolitical tensions, new technology, and personnel among others.
How is Nike doing financially 2022?
Nike has revealed revenue of US$46.7 billion for the 2022 financial year, up five per cent year-over-year (YoY). The US sportswear giant’s net income for fiscal 2022 was US$6 billion, a rise of six per cent YoY. Broken down, revenue for the Nike brand was US$44.4 billion, up five per cent YoY.
Is Apple stock a good buy?
Most analysts remain bullish on the shares, with 74% rating them a Buy and 23% rating them a Hold, according to FactSet.
Is Disney a good stock to buy?
Disney’s stock is trading at $98 per share, a price last seen in 2020, during the start of the pandemic. In 2021, the stock shot up to nearly $200. But since then, it has lost more than 50%. This 50% devaluation alone would be enough to make the stock attractive to bargain hunters.
Is Adidas stock a good buy?
Over the past 5 years, Adidas stock has been a much better investment as it rewarded shareholders with a 300% return compared to Nike with a 100% return.
Is Nike a hold?
USD 113.16 2.85 2.46% Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Nike Inc is ‘Hold’.
What type of stock is Nike?
Key Data
| Label | Value |
|---|---|
| Exchange | NYSE |
| Sector | Consumer Discretionary |
| Industry | Shoe Manufacturing |
| 1 Year Target | $130.00 |
What is happening with Nike?
Covid related shutdowns also resulted in Nike losing weeks of production since July, while rail and port congestion lengthened lead times for goods to arrive in North America and the EMEA regions. However, these issues appear to be short-term in nature and should likely not impact the long-term growth of the company.
What is the forecast for Apple stock?
Stock Price Forecast
The 36 analysts offering 12-month price forecasts for Apple Inc have a median target of 185.00, with a high estimate of 220.00 and a low estimate of 136.00.
Does Nike issue stock?
Because it trades on the New York Stock Exchange (NYSE), you can buy and sell Nike shares Monday through Friday from 9:30 a.m. until 4:00 p.m. ET, though your brokerage may offer extended hours before or after the market closes.
What is the fair value of Nike?
Analysis. NIKE’s fair value is $126.66.
Will Nile stock go up?
The average Bitnile Holdings stock price prediction forecasts a potential upside of 2,122.22% from the current NILE share price of $0.32.
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.