#5 - Nike (NYSE:NKE)
Nike (NYSE:NKE) is proving that premium brands are frequently worth their premium valuation. The company’s products remain on Gen Z’s wish list of products. After delivering a stellar earnings report, NKE stock surged higher. But as of this writing, it’s given some of those gains back. Nevertheless, with the stock trading near the low end of its 52-week range, it may be more attractively priced with a 33% upside according to analysts.
Nike continues to show some strong fundamentals. The company’s income and free cash flow are larger than they were prior to the pandemic. As a recent MarketBeat article noted, the company’s gross margin in its most recent quarter grew 2.8%. And one reason why the company is doing this is because of strong growth in digital sales. This is evidence of the company’s loyal following and a reason to believe that the company can continue to replicate its sales growth.
About NIKE
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
Read More - Current Price
- $77.40
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $95.86 (23.8% Upside)
