From Nasdaq: 2025-02-08 18:14:00

Nike stock (NYSE: NKE) soared by 255% in the five years leading up to November 2021 but has since fallen 58% below its peak. Despite near-term challenges, there are three reasons to consider buying this consumer discretionary stock: its unmatched brand strength, strong international appeal, and unrivaled marketing competency. With a new CEO focused on improving distribution and product innovation, Nike is on its way to a transformation. Additionally, its current valuation at a P/E ratio of 23.7 presents a buying opportunity for patient investors. This combination of factors makes Nike stock a compelling investment choice.



Read more at Nasdaq: 3 Reasons to Buy Nike Stock Like There’s No Tomorrow