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 2024 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.
Table of Contents
Overview of Nike
| Name | NIKE, Inc. |
| Symbol | NIKE |
| 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.
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 Forecast 2024 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.
Long-Term Nike Stock Forecast
| Year | Minimum Target ($) | Maximum Target ($) |
|---|---|---|
| 2024 | $150 | $160 |
| 2025 | $170 | $180 |
| 2026 | $190 | $200 |
| 2027 | $210 | $220 |
| 2030 | $250 | $260 |
| 2035 | $300 | $310 |
| 2040 | $350 | $360 |
| 2050 | $400 | $410 |
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.
FAQ:
What is the long-term forecast for Nike?
NIKE is forecast to grow earnings and revenue by 11.6% and 5.8% per annum respectively. EPS is expected to grow by 12.8% per annum. Return on equity is forecast to be 54.4% in 3 years.
Will Nike continue to be successful?
Like a championship athlete, Nike continues to reach new heights and break records, leaving its competition in the dust. According to its latest earnings report, Nike delivered mid-teens growth and exceeded $50 billion in revenue during the fiscal year 2023, adding $7 billion in total on a currency-neutral basis.
Would Nike be a good investment?
Nike currently has an average brokerage recommendation (ABR) of 1.79, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 26 brokerage firms. An ABR of 1.79 approximates between Strong Buy and Buy.
How will Nike be in the future?
Nike will power owned-and-operated facilities with 100% renewable energy by 2025. Nike will reduce carbon emissions across its global supply chain by 30% by 2023, in line with the 2015 Paris Agreement. Nike diverts 99% of all footwear manufacturing waste from landfills.
