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Mohit Oberoi

Nike Stock 2025 Forecast: Is NKE a Good Long-Term Buy?

NIke NKE AAPL Tesla Inc. United States

Things have been going from bad to worse for sneaker giant Nike (NKE), and with a YTD loss of nearly 18%, it is among the five worst-performing Dow Jones Industrial Average ($DOWI) constituents of the year. It was among the top losers in 2023, as well, and fell 7.2% even as the broader markets rallied.

The sell-off in Nike shares intensified last month after the company released its fiscal Q3 2024 earnings. While its earnings arrived ahead of estimates, Nike spooked markets with its guidance.

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