Today’s featured asset is Nike Inc. (NKE), with an AI strategy that could have potentially earned investors a 100.88% return between 2021-08-30 and 2023-02-02. On average, each trade earned 25.22% and the long positions were held for an average of 60 days over 4 total positions. The model predicts that NKE is a STRONGBUY with a buy price target of 95.86, with an overall accuracy of 0.78 when predicting an upward trend in the following two weeks. The analyst consensus price target is 128.5.
Nike Inc. (NKE) Overview
Nike Inc., based near Beaverton, Oregon, is a leading American multinational corporation that designs, develops, manufactures, and markets footwear, apparel, equipment, accessories, and services. Founded in 1964, the company has grown to become the largest supplier of athletic shoes and apparel in the world and a major manufacturer of sports equipment. With a market capitalization of $189.52 billion, Nike’s current share price of $95.86 (on date 2023-10-27) reflects a 2.08% increase from the previous close.
Nike Inc. Markets
Nike’s products and services are sold in over 200 countries and territories worldwide. The company’s brands include Nike, Jordan, Converse, and Hurley. Nike’s products are sold through a variety of retail outlets, including independent retailers, specialty stores, department stores, and online stores. The company also operates its own stores, which are located in major cities throughout the world.
Nike Inc. Historic Performance
Nike has been a leader in the footwear and apparel industry for decades. The company reported record revenue of $49.1 billion for the fiscal year ending May 2021, representing an increase of 10% from the previous year. The company also reported a gross profit of $21.48 billion and a net income of $3.54 billion. Nike has also been able to increase its market share and expand its presence in recent years, with the company’s market capitalization increasing from $120 billion in 2018 to $189.5 billion as of October 27th, 2023.
Nike Inc. Share Price Performance
Nike’s share price has experienced significant growth in recent years, rising from a low of $81.97 in November 2020 to a high of $145.39 in September 2023. The company’s current share price of $95.86 (on date 2023-10-27) reflects a 2.08% increase from the previous close. Analysts currently have an average target price of $128.50 for the stock, which implies a potential upside of 33.87% from the current share price.
Nike Inc. is a leading American multinational corporation in the footwear and apparel industry. The company’s strong market position and historic performance have helped it to achieve significant share price growth in recent years. With a current share price of $95.86 and an average analyst target price of $128.50, Nike Inc. shows potential for further upside.
AssetType: Common Stock
Name: Nike Inc
Description: Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world’s largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment.
Industry: RUBBER & PLASTICS FOOTWEAR
Address: ONE BOWERMAN DR, BEAVERTON, OR, US
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