Stock Price Forecast 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 +10.09% increase from the last price of 118.08.
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How much is Nike expected to grow?
Leading Sportwear Brand
| Company | Market Share (2021) | Past 10-year Average Growth % |
|---|---|---|
| Nike | 43.7% | 7.6% |
| adidas (OTCQX:ADDYY) | 23.7% | 3.0% |
| Under Armour (UAA) | 5.6% | 14.5% |
| Puma (OTCPK:PMMAF) | 7.6% | 7.4% |
Will Nike continue to grow?
Analysts agree, though, that Nike is poised for continued growth, which should have an impact on the company’s share price. That’s because it is consistently focused on product and marketing innovation.
Is Nike doing well in 2022?
Despite slowing sales in the fourth quarter, Nike (NYSE:NKE +1.27%) has now reported growing revenues for fiscal 2022. In terms of the most recent quarter, revenue saw a 1% decline to $12.2 billion USD, even though Nike Direct revenue was up 7% to $4.8 billion USD.
Is Nike demand increasing?
Nike’s digital sales through Nike’s apps and websites grew 22%, led by a 33% growth in North America, the company said.
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.
Is Nike a good stock to invest?
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 a growing company?
Nike (NKE) is still a growth company with plenty of market opportunities ahead, according to its Executive Vice President and Chief Financial Officer Matt Friend.
Is Nike doing well?
Nike Direct sales were $4.6 billion, up 15% on a reported basis and up 17% on a currency-neutral basis. Nike Brand Digital sales increased 19%, or 22% on a currency-neutral basis, led by 33% growth in North America.
Are Nike sales declining?
Footwear sales fell by 6%, while sports apparel sales were down 5%. Although this compares with the period a year ago when sportswear sales were on a tear, the decline is worrying nonetheless, particularly as North America is Nike’s biggest market, with sales accounting for about 40% of total revenues in fiscal 2022.
How is Nike currently performing?
NIKE continues to have a strong track record of investing to fuel growth and consistently increasing returns to shareholders, including 20 consecutive years of increasing dividend payouts.
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.
How successful is Nike today?
Nike is the most valuable apparel brand, boasting a brand value of over 30 billion U.S. dollars. In other words, Nike is not just the world’s leading sports clothing brand, it is also the single most valuable apparel brand on the planet overall.
Is Nike growing in sales?
The sportswear giant reported a faster pace of sales in its third quarter despite supply chain woes, surprising investors.
What are the issues with Nike?
As an industry leader, Nike’s high visibility made it ripe for attack when labor rights violations were uncovered. Since the mid-1990s, Nike has faced a barrage of criticism from labor rights activists, the mainstream media, and others for human and labor rights violations in its factories.
How does Nike predict demand?
The Nike Fit app creates a digital picture of a customer’s foot using a combination of computer vision, artificial intelligence, and machine learning – then uses that picture to make informed product recommendations to the consumer.
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.
Is Nike a hold or sell?
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.
Who is Nike biggest competitor?
Adidas
Adidas. With annual revenue of $22.12 billion, Adidas is the biggest competitor of Nike. The brand actively serves across 55 countries via more than 2500 stores worldwide. Founded in 1924 by Adolf Dassler and Rudolf Dassler, the brand is the largest sportswear manufacturer in Europe and the second-largest globally.
Is Nike stock undervalued?
Nike Inc secures a last-minute Real Value of $149.34 per share. The latest price of the firm is $116.32. At this time, the firm appears to be undervalued.
USD 116.32 0.25 0.22%
| Low | Target Price | High |
|---|---|---|
| 140.00 | 184.65 | 202.00 |
What is the future 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).