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.
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Will Nike stock go up?
Based on 27 Wall Street analysts offering 12 month price targets for Nike in the last 3 months. The average price target is $128.87 with a high forecast of $156.00 and a low forecast of $100.00. The average price target represents a 11.03% change from the last price of $116.07.
Is Nike a good stock to buy long term?
Investors can expect another fruitful year out of Nike in fiscal 2022 (which ends May 31). The analysts consensus forecast calls for full-year revenue of $46.9 billion and EPS of $3.74, translating to 5% growth for both metrics.
Is Nike over or undervalued?
Nike Inc secures a last-minute Real Value of $130.92 per share. The latest price of the firm is $113.14. At this time, the firm appears to be undervalued.
1.02.
| Low | Target Price | High |
|---|---|---|
| 140.00 | 184.65 | 202.00 |
Why is Nike stock going up?
Yet the stock, which initially rose on the news, gave up its gains following the company’s conference call, during which management said it expects revenue in its current fiscal first quarter to be flat or just slightly up from $12.25 billion in the year-ago period. Consensus calls for sales to climb to $12.34 billion.
Should you buy or sell Nike stock?
The Nike stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
How Much Will Nike stock be worth in 5 years?
Based on our forecasts, a long-term increase is expected, the “NKE” stock price prognosis for 2027-08-06 is 216.215 USD. With a 5-year investment, the revenue is expected to be around +86.28%. Your current $100 investment may be up to $186.28 in 2027. Get It Now!
Why is investing in Nike a good idea?
From 2011 through 2021, Nike more than doubled annual revenue while more than tripling its yearly diluted earnings per share. Nike’s focus on direct-to-consumer sales is serving investors well.
Why is Nike good to invest in?
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 $3.576 per share for the current fiscal year.
What are the best stocks to invest in?
| Best Value Stocks | ||
|---|---|---|
| Price ($) | 12-Month Trailing P/E Ratio | |
| United States Steel Corp. (X) | 23.32 | 1.4 |
| NRG Energy Inc. (NRG) | 38.46 | 2.3 |
| Azenta Inc. (AZTA) | 70.02 | 2.4 |
What is the fair value of Nike?
Analysis. NIKE’s fair value is $125.38.
What is the intrinsic value of Nike?
As of today (2022-08-09), Nike’s Intrinsic Value: Projected FCF is $32.69. The stock price of Nike is $110.11.
Why Nike is falling?
First, Nike projected another profit margin decline in its fiscal first quarter. Second, the chain revealed a 24% increase in its inventory holdings, putting it in a risky position if consumer demand weakens significantly.
Is Nike performing well?
Over the last nine months, Nike sales have grown 7% compared to the prior-year period, while its cost of sales increased only 3%. Revenue growing faster than costs continued in the most recent quarter. Even with that positive underlying business trend, however, Nike shares have dropped nearly 20% so far in 2022.
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 Nike stock?
Stock Price Forecast
The 29 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 +13.96% increase from the last price of 114.08.
Is Nike a hold?
USD 114.10 0.96 0.85% Considering the 90-day investment horizon and your typical level of risk aversion, our recommendation regarding Nike Inc is ‘Hold’.
Is Adidas stock a buy?
Valuation metrics show that Adidas AG may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of ADDYY, demonstrate its potential to perform inline with the market. It currently has a Growth Score of A.
How Much Will Nike stock be in 2030?
By 2030, we expect that the company will become a lot bigger and Nike (NKE) stock price could be up to $248.97 per share by the end of the year.
How many times has Nike split its stock?
According to our Nike stock split history records, Nike has had 6 splits.
Is Nike a risky investment?
Nike Investment Opportunity
22 of all equities and portfolios are less risky than Nike. Compared to the overall equity markets, volatility of historical daily returns of Nike Inc is lower than 22 () of all global equities and portfolios over the last 90 days.