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Barchart
Rashmi Kumari

Are Wall Street Analysts Predicting NIKE Stock Will Climb or Sink?

NIke NKE

Headquartered in Beaverton, Oregon, NIKE, Inc. (NKE) is a leading sports footwear and apparel giant renowned for its strong brand portfolio that includes Nike Pro, Nike Golf, and Air Jordan. Known for its iconic "Swoosh" logo and influential marketing campaigns, NIKE offers premium, high-quality products that align with the latest customer trends. Valued at $139.13 billion by market cap, NIKE has retained its top spot in the industry for many years. 

Shares of this footwear giant have significantly underperformed the broader market over the last year. NKE has declined 19.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.5%. In 2024 alone, the stock has lost 15%, compared to SPX's 11.2% gains on a YTD basis. 

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