Will Nike regain its momentum?
It’s unknown whether Nike stock will pick up momentum again and hit $130. The company’s earnings performance, the prognosis for the athletic footwear and apparel market, and investor mood are just a few variables that could have an impact on the stock price.
The athletic footwear and clothing market’s future is unclear. The emergence of e-commerce, the rising popularity of athleisure, and the prominence of rival athletic brands are just a few of the issues the sector is currently facing. Although Nike is well-positioned to handle these difficulties, it is not impervious to them.
The stock price will largely be influenced by Nike’s earnings success. Although the company has a proven track record of growing its earnings, it is currently experiencing some challenges. Cost increases and supply chain disruptions are expected to have an immediate negative impact on profits. However, Nike is taking action to address these issues, and it is anticipated that high earnings growth will return over the long run.
NIKE Stock Forecast 2023: Latest Price
Article Coverage: NIKE Stock Performance, Latest NIKE News, Aggregated Forecasts, NIKE Latest Production Update, Reasons to Buy or Sell NIKE Stock, NIKE Investor Day Analysis, FAQs and Other Detailed Analysis.
Nike is a global leader in the athletic footwear and apparel industry. The company has a strong brand reputation and a wide range of products that appeal to a variety of consumers. Nike is also a major player in the sports marketing industry, and its sponsorship deals with top athletes and teams help to drive sales. Nike’s stock went public on December 2, 1980, under the ticker symbol NKE.
NIKE Stock Forecasts
NIKE Stock Predictions 2023: Analysts
| NIKE Target Price | $118.4 |
| Williams Trading | $91 |
| Stifel | $110 |
| Baird | $130 |
| Morgan Stanley | $127 |
| RBC Capital | $134 |
- Nike Price Prediction in the next 24 hours is between $105 and $106
- Nike Price Prediction this week is between $103 and $107
UTC: Feb 25th, 2024 12:15 AM
| Overall Outlook | Partially Bullish |
| 1. Market’s Wisdom | Bullish |
| 1a. Market Data | Partially Bullish |
| 1b. Technical Recommendation | Buy |
| 2. Crowd’s Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
Nike Stock Forecast 2023, 2024 and 2025
- Nike Stock Forecast 2023: $97.96
- Nike Stock Forecast 2024: $114
- Nike Stock Forecast 2025: $137
NIKE Last 4 Quarters Summary
| (USD) | May 2023 | Feb 2023 | Nov 2022 | Aug 2022 |
| Revenue | 12.8B | 12.4B | 13.3B | 12.7B |
| Net income | 1.03B | 1.24B | 1.33B | 1.47B |
| Diluted EPS | 0.66 | 0.79 | 0.85 | 0.93 |
| Net profit margin | 8.04% | 10.01% | 10% | 11.57% |
| Operating income | 1.22B | 1.41B | 1.59B | 1.70B |
| Net change in cash | 486M | 465M | -736M | -1.35B |
| Cost of revenue | 7.23B | 7.02B | 7.60B | 7.07B |
NIKE Stock Forecast 2023: Performance in the Last 12 Months
- Last 6 Months: -17.6%
- Last 12 Months: -6.8%
- Year to Date (2023): -17.4%
The stock price will also be influenced by investor sentiment. Since the stock market is currently unstable, adjustments in investor mood may have an impact on Nike’s stock price. But because Nike has a solid track record and a long history, it is likely to remain a popular investment.
Overall, the future of Nike stock is uncertain. However, the company has a number of factors in its favor, including its strong brand, its wide range of products, and its global reach. If the company can continue to execute on its strategy and overcome the challenges it is facing, the stock is likely to continue to perform well in the long term.
NIKE Stock Forecast 2023: How High Will NIKE Go in 2023?
The future price of any stock is uncertain and cannot be predicted with certainty. However, there are a number of factors that could contribute to Nike stock going up in 2023.
- Company Earnings
- Industry Outlook
- Investor Sentiment
The stock of Nike faces an uncertain future overall. But the business has a number of things working in its favour, so investors are likely to continue to favour it as an investment. The stock is likely to continue to perform well over the long term if the company can successfully implement its strategy and get over the obstacles it currently faces.
Nike stock may hit $130 in 2023 based on the current consensus analyst price objective of $127.84. It is crucial to remember that analyst price goals are merely estimates and that the actual stock price may vary from the objective.
Is NIKE a good stock to buy?
Here are some of the reasons why you might want to consider buying Nike stock:
- Strong brand:Â Nike is one of the most recognizable brands in the world. The company has a strong track record of innovation and product development, and its products are known for their high quality and performance.
- Wide range of products:Â Nike offers a wide range of products, including footwear, apparel, equipment, and accessories. This allows the company to appeal to a wide range of consumers.
- Strong marketing and sponsorships:Â Nike is a major player in the sports marketing industry. The company has sponsorship deals with top athletes and teams, which helps to drive sales.
- Global reach:Â Nike has a global presence, with operations in over 170 countries. This allows the company to reach a wide range of consumers.
- Strong financial performance:Â Nike has a strong financial performance. The company has been profitable for many years, and it has a strong balance sheet.
- Growth potential:Â Nike is a growth company. The company is expected to continue to grow in the future, driven by factors such as the increasing popularity of athleisure and the growing popularity of sports among women.
NIKE Stock Forecast 2023: Reasons Not to Buy NIKE Stock
Sure, here are some reasons why you might not want to buy Nike stock:
- Competition:Â Nike faces competition from other athletic footwear and apparel brands, such as Adidas and Under Armour. These brands are also investing heavily in innovation and marketing, which could make it difficult for Nike to maintain its market share.
- Supply chain disruptions: Nike’s supply chain has been disrupted by the COVID-19 pandemic and other factors. This could impact the company’s ability to meet demand and could lead to higher costs.
- Changing consumer trends:Â Consumer preferences for athletic footwear and apparel are constantly changing. Nike needs to be able to adapt to these changes in order to remain successful.
- Overvaluation:Â Nike stock is currently trading at a relatively high valuation. This means that the stock is expensive, and there is a risk that the price could decline in the future.
- Negative news: Nike has been the subject of negative news in recent years, such as allegations of labor abuses in its supply chain. This could damage the company’s reputation and could hurt its stock price.
NIKE Stock Forecast 2023: Frequently Asked Questions (FAQ)
Whether or not you should buy Nike stock now is a decision that only you can make. There are a number of factors to consider, including your investment goals, risk tolerance, and the overall market conditions.
Whether or not Nike stock will go up is uncertain. There are a number of factors that could affect the stock price, including the company’s earnings performance, the outlook for the athletic footwear and apparel industry, and investor sentiment. According to the current consensus analyst price target of $127.84, Nike stock could reach $130 in 2023.
If Nike can continue to grow its earnings at a strong pace and the athletic footwear and apparel industry continues to grow, the stock could reach $200 or more in 10 years. However, there are no guarantees, and the stock could also decline in value.
There is no one-size-fits-all answer to this question, as the best time to invest in any stock will vary depending on your individual circumstances and investment goals. However, there are a few things to keep in mind when considering when to invest in Nike stock.
- Consider your investment goals
- Do your research
- Consider the overall market conditions
- Consider your risk tolerance
Note:Â collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.