Reported 1 day ago
Nike's stock, currently down 56% from its 2021 peak, presents a buying opportunity for long-term investors as the company works to address its recent struggles under new leadership. Despite challenges with lost market share and declining profits, Nike's problems are deemed fixable, especially with its strong presence in sports and upcoming new products. Analysts believe Nike can recover by simply exceeding low performance estimates in the next couple of years.
Source: YAHOO