Nike's sales decline leads to stock drop, but analysts see long-term potential

From Nasdaq: 2024-07-20 05:05:00

Nike’s footwear sales down 6% year over year, leading to stock decline. Analysts see long term potential in Nike shares due to low valuation. Companies like Amazon show higher growth rates result in greater returns. Shopify, Lululemon, and On Holding expected to outperform Nike with faster growth rates. Analysts predict double-digit earnings growth for Shopify, Lululemon, and On Holding. “Double Down” stock recommendations for potentially lucrative opportunities.



Read more at Nasdaq: Forget Nike: These Stocks Have Greater Long-Term Potential