Reported 8 months ago
As Nike Inc. prepares to report fourth-quarter earnings, analyst Sam Poser advised investors to sell Nike stock, cutting the price target to $75, predicting a more than 20% decrease from the current price. Poser stated that Nike is 'too expensive' and lacks the ability to justify its current valuation. He highlighted the loss of talent within the company and decreasing sell-through rates for certain products, projecting a challenging future for Nike until possibly 2026. While Nike faces competition from brands like Adidas AG, Poser noted Adidas' successful revival of its Originals range, contrasting Nike's lack of compelling new products.
Source: YAHOO