Is Nike a good stock to buy? (2024)

Is Nike a good stock to buy?

Is Nike stock a Buy, Sell or Hold? Nike stock has received a consensus rating of buy. The average rating score is and is based on 84 buy ratings, 12 hold ratings, and 1 sell ratings.

Is Nike stock worth buying?

Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.26.

Is Nike stock expected to go up?

NKE Stock 12 Month Forecast

Based on 29 Wall Street analysts offering 12 month price targets for Nike in the last 3 months. The average price target is $111.92 with a high forecast of $130.00 and a low forecast of $81.00.

Where will Nike stock be in 5 years?

NIKE stock price stood at $94.19

According to the latest long-term forecast, NIKE price will hit $100 by the end of 2024 and then $110 by the middle of 2026. NIKE will rise to $125 within the year of 2027, $150 in 2029 and $200 in 2035.

Is Nike a good stock to buy in 2024?

Nike Stock 2024 Forecast

Wall Street analysts rate Nike stock as a “Moderate Buy.” Of the 28 analysts covering the stock, 16 rate it as a “Strong Buy,” while 3 call it a “Moderate Buy.” Eight analysts rate NKE as a “Hold,” while 1 analyst has given it a “Strong Sell” rating.

Is Nike a long term stock?

While the company's stock could likely be pressured in the short term, the company's long-term prospects look good. Nike's revenue for the first six months of fiscal 2024 grew only 1% year-over-year (y-o-y) to nearly $26 billion, but its earnings per share rose a solid 11% y-o-y to $1.97.

How much do I need to invest in Nike?

New Nike investors must make at least a $500 initial investment or $50 in recurring investment deposits. Online trading is generally cheaper than traditional alternatives, but there are still some costs to be mindful of.

What do analysts say about Nike stock?

The 29 analysts with 12-month price forecasts for Nike stock have an average target of 116.34, with a low estimate of 85 and a high estimate of 136. The average target predicts an increase of 22.67% from the current stock price of 94.84.

Is Apple a good buy now?

Apple has 21.12% upside potential, based on the analysts' average price target. Is AAPL a Buy, Sell or Hold? Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 11 hold ratings and 2 sell ratings.

What is the highest Nike stock has been?

What is Nike's projection for 2024?

Excluding restructuring charges, the company reiterated its sales outlook for fiscal 2024, and said it expects revenue to grow by 1%, in line with expectations of up 1.1%, according to LSEG. For the current quarter, it expects revenue to be up slightly, compared to estimates of up 2%, according to LSEG.

Is Nike a growth or dividend stock?

NIKE, Inc.'s ( NKE ) dividend yield is 1.57%, which means that for every $100 invested in the company's stock, investors would receive $1.57 in dividends per year. NIKE, Inc.'s payout ratio is 40.78% which means that 40.78% of the company's earnings are paid out as dividends.

What is Nike's future?

Future Growth

NIKE is forecast to grow earnings and revenue by 9.2% and 3.9% per annum respectively. EPS is expected to grow by 10.5% per annum. Return on equity is forecast to be 52.5% in 3 years.

Why is Nike stock so low?

Investors are uninspired by the company's stalling sales. Shares of global athletic apparel company Nike (NKE -1.26%) dropped on Friday after the company dropped financial results for its fiscal third quarter of 2024. The company's results fell short of management's previous outlook.

Why did Nike stock drop so much?

Shares of athletic apparel brand Nike (NYSE:NKE) fell 8.7% in the morning session after the company reported Q3'2024 results and provided underwhelming guidance for the full year. Full-year revenue is expected to grow approximately 1%, showing little improvement from the guidance provided in the previous quarter.

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Who owns most of Nike?

The top shareholders of Nike are Phil Knight, Mark Parker, Andrew Campion, Swoosh LLC, Vanguard Group Inc., and BlackRock Inc.

Is Nike good long-term investment?

Nike is a wonderful business for long-term investors looking to add a high-quality business to their portfolios. The company has a strong brand with excellent products and a collection of world class athletes to showcase their products. The company is financially sound and provides investors with a dividend.

Is Nike a good dividend stock?

Notable Dividend: NKE's dividend (1.59%) is higher than the bottom 25% of dividend payers in the US market (1.56%). High Dividend: NKE's dividend (1.59%) is low compared to the top 25% of dividend payers in the US market (4.83%).

Why should I invest in Nike now?

In the last five years, Nike's quarterly gross and operating margins have averaged 44% and 12%, respectively. This situation has resulted in consistent free-cash-flow generation, which Nike uses to buy back shares and pay a dividend, boosting investor returns.

Does Warren Buffett invest in Nike?

Warren Buffett Nike, Inc. - Ordinary Shares - Class B

The first Nike trade was made in Q4 1998. Since then Warren Buffett bought shares twelve more times and sold shares on fifteen occasions.

Why is investing in Nike a good idea?

The other great reason to like Nike's stock today is its compelling valuation. You can own shares for about 3 times annual sales, which is near the lowest valuation investors have seen in several years.

Do Nike employees get stock?

Employee stock purchase plan

Nike gives employees the opportunity to buy Nike stock at a discounted price through ESPP.

What will Nike stock be worth in 2030?

How volatile is Nike stock?

As of today (2024-04-07), Nike's Volatility is 26.06%.