Today, we’re going on a journey to explore the performance of Nike Inc (NYSE: Nike) in recent times and provide you with a well-researched Nike Stock Forecast for growth prospects. By the end of our journey, you will have a better understanding of the Nike Stock Forecast for the years 2023 to 2050.
Additionally, we will also take into analysis Nike Stock Recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation at the end of the article.
Overview of Nike
| Name | NIKE, Inc. |
| Symbol | NKE |
| Industry | Footwear & Accessories |
| Founded | 1964 |
| CEO | John J. Donahoe II |
| Headquarters | One Bowerman Dr, Beaverton, Oregon 97005-6453, United States |
| Services | Design, development, marketing, and sales of athletic footwear, apparel, equipment, accessories, and services worldwide |
| Exchange | NYSE |
| Country | United States |
| Locations | Global presence |
| Website | nike.com |
| Profile | Nike_Inc. |
Keep an eye on Nike’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Nike’s stock price.
Nike Stock Price Live
About Nike Company
Nike, a name synonymous with athletic prowess and innovation, stands as a beacon in the world of sports and fitness. With its mantra “Just Do It,” Nike has not just created products but has fostered a culture that resonates with athletes and fitness enthusiasts globally.
Product Diversity and Innovation– At the heart of Nike’s business is its diverse range of products. From the iconic Air Jordan and Air Max shoes to the latest in running, basketball, soccer, and golf gear, Nike caters to a wide array of sports. Their product line is not just about shoes; it extends to clothing, accessories, and equipment, ensuring that every aspect of an athlete’s needs is covered.
Focus on Customer Experience Nike’s commitment to delivering innovative products is matched by its focus on enhancing customer experience. The brand offers personalized services like Nike By You, allowing customers to customize their shoes, and the SNKRS app, which serves as a community for sneaker enthusiasts. This customer-centric approach is evident in their easy-to-navigate website, offering a seamless shopping experience.
Global Presence and Cultural Impact– Nike’s global presence is undeniable. With products available worldwide, the brand has become a part of the cultural fabric in many countries, including India. Nike’s influence extends beyond the field, impacting fashion, lifestyle, and popular culture.
Nike Stock Price History
Nike Stock Forecast 2023 to 2050
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Nike Stock Forecast for 2023, 2025 to 2050, based on our Research knowledge and forecasting. let’s see first The fundamental analysis of Nike Stock focuses on key factors to better understand the company’s valuation.
Conduct a SWOT analysis of Nike stock based on its financials. We will break down the key elements of strengths, weaknesses, opportunities, and threats using the financial data.
Strengths–
Consistent Revenue Growth: Nike has demonstrated a steady increase in total revenue over the years, from $37.4 billion in 2020 to $51.5 billion in the trailing twelve months (TTM).
Robust Gross Profit: The gross profit has also shown a healthy rise, indicating effective cost management and strong market demand.
Solid Net Income: The net income has been impressive, particularly in the last two years, signifying strong profitability.
Stable Operating Cash Flow: The operating cash flow has remained robust, ensuring the company has enough cash for its day-to-day operations.
Weaknesses–
Fluctuating Operating Income: Although generally high, the operating income shows some fluctuations, which could indicate varying operational efficiencies.
Increasing Cost of Revenue: The cost of revenue has been on the rise, which could squeeze profit margins if not managed effectively.
High Total Expenses: Total expenses have been increasing, which might affect net earnings if not controlled.
Opportunities–
Market Expansion: With its strong brand and financial backing, Nike has the opportunity to expand into new markets or segments.
Innovation in Products: Continuous innovation in product design and technology can attract new customers and retain existing ones.
Digital Transformation: Investing in digital platforms and e-commerce could further drive revenue growth.
Threats–
Competitive Market: The athletic wear and footwear market is highly competitive, with several strong players.
Global Economic Conditions: Economic downturns or fluctuations in key markets can impact sales and profitability.
Supply Chain Disruptions: As seen globally, supply chain disruptions can significantly impact product availability and costs.
Nike Stock Forecast 2023
Nike has been performing well in the market, with a strong financial position and a solid brand reputation. The company has been investing in innovation and technology, which has helped it to stay ahead of its competitors. Additionally, the company has been expanding its global reach, which has helped it to tap into new markets and increase its revenue. We believe that Nike will continue to perform well in 2023, which is why we have set a minimum target of $130 and a maximum target of $140.
Nike Stock Forecast 2024
Nike is expected to continue its growth trajectory in 2024, with a focus on innovation and technology. The company has been investing heavily in research and development, which has helped it to create new products and stay ahead of its competitors. Additionally, Nike has been expanding its e-commerce platform, which has helped it to reach more customers and increase its revenue. We believe that Nike will continue to perform well in 2024, which is why we have set a minimum target of $150 and a maximum target of $160.
Nike Stock Forecast 2025
Nike is expected to continue its growth trajectory in 2025, with a focus on sustainability and social responsibility. The company has been investing in sustainable materials and practices, which has helped it to reduce its environmental impact and appeal to socially conscious consumers. Additionally, Nike has been expanding its community outreach programs, which has helped it to build a strong brand reputation and increase customer loyalty. We believe that Nike will continue to perform well in 2025, which is why we have set a minimum target of $170 and a maximum target of $180.
Nike Stock Forecast 2026
Nike is expected to continue its growth trajectory in 2026, with a focus on digital transformation and customer experience. The company has been investing in digital technologies, which has helped it to create a seamless customer experience across all channels. Additionally, Nike has been expanding its customization options, which has helped it to appeal to individual customer preferences and increase customer loyalty. We believe that Nike will continue to perform well in 2026, which is why we have set a minimum target of $190 and a maximum target of $200.
Nike Stock Forecast 2027
Nike is expected to continue its growth trajectory in 2027, with a focus on international expansion and product diversification. The company has been expanding its presence in emerging markets, which has helped it to tap into new customer segments and increase its revenue. Additionally, Nike has been diversifying its product portfolio, which has helped it to appeal to a wider range of customers and reduce its dependence on a single product line. We believe that Nike will continue to perform well in 2027, which is why we have set a minimum target of $210 and a maximum target of $220.
Nike Stock Forecast 2030
Nike is expected to continue its growth trajectory in 2030, with a focus on sustainability and innovation. The company has been investing in sustainable materials and practices, which has helped it to reduce its environmental impact and appeal to socially conscious consumers. Additionally, Nike has been investing in new technologies, such as artificial intelligence and virtual reality, which has helped it to create new products and enhance the customer experience. We believe that Nike will continue to perform well in 2030, which is why we have set a minimum target of $250 and a maximum target of $260.
Nike Stock Forecast 2035
Nike is expected to continue its growth trajectory in 2035, with a focus on digital transformation and customer experience. The company has been investing in digital technologies, which has helped it to create a seamless customer experience across all channels. Additionally, Nike has been expanding its customization options, which has helped it to appeal to individual customer preferences and increase customer loyalty. We believe that Nike will continue to perform well in 2035, which is why we have set a minimum target of $300 and a maximum target of $310.
Nike Stock Forecast 2040
Nike is expected to continue its growth trajectory in 2040, with a focus on international expansion and product diversification. The company has been expanding its presence in emerging markets, which has helped it to tap into new customer segments and increase its revenue. Additionally, Nike has been diversifying its product portfolio, which has helped it to appeal to a wider range of customers and reduce its dependence on a single product line. We believe that Nike will continue to perform well in 2040, which is why we have set a minimum target of $350 and a maximum target of $360.
Nike Stock Forecast 2050
Nike is expected to continue its growth trajectory in 2050, with a focus on sustainability and innovation. The company has been investing in sustainable materials and practices, which has helped it to reduce its environmental impact and appeal to socially conscious consumers. Additionally, Nike has been investing in new technologies, such as artificial intelligence and virtual reality, which has helped it to create new products and enhance the customer experience. We believe that Nike will continue to perform well in 2050, which is why we have set a minimum target of $400 and a maximum target of $410.
Long-Term Nike Stock Forecast
| Year | Minimum Target ($) | Maximum Target ($) |
|---|---|---|
| 2023 | $130 | $140 |
| 2024 | $150 | $160 |
| 2025 | $170 | $180 |
| 2026 | $190 | $200 |
| 2027 | $210 | $220 |
| 2030 | $250 | $260 |
| 2035 | $300 | $310 |
| 2040 | $350 | $360 |
| 2050 | $400 | $410 |
Analyst Recommendations
Daily Low / High
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Nike Stock Price in 1983?
– According to Google historical data, the price of Nike on 23 DEC 1983 was $0.23.
What is the Current Nike Stock Price?
– As of 19 December 2023, the current stock price of Nike is $121.14 Check out today’s current stock price.
Nike Stock Forecast 2023?
– Based on our analysis, the maximum Nike Stock Forecast in 2023 could be $140.
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I would like to remind you that I am not authorized by the SEC to provide any financial advice or recommendations. As you know, Stock Forecast is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Stock Price Targets for “Nike Stock Forecast” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold Nike stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
