{"id":1421,"date":"2022-11-08T04:50:36","date_gmt":"2022-11-08T04:50:36","guid":{"rendered":"https:\/\/www.syfe.com\/au\/learn\/?p=1421"},"modified":"2023-08-04T07:37:13","modified_gmt":"2023-08-04T07:37:13","slug":"nike-share-price-outlook-beyond-2022","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/au\/learn\/nike-share-price-outlook-beyond-2022\/","title":{"rendered":"Nike share price outlook: Analysts think the stock could run 18% from here"},"content":{"rendered":"\n<div class=\"wp-block-uagb-image uagb-block-349ec552 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><img decoding=\"async\" srcset=\"https:\/\/www.syfe.com\/au\/learn\/wp-content\/uploads\/2022\/11\/Untitled-design-38-1024x256.png \" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.syfe.com\/au\/learn\/wp-content\/uploads\/2022\/11\/Untitled-design-38-1024x256.png\" alt=\"\" class=\"uag-image-1425\" width=\"1024\" height=\"256\" title=\"\" loading=\"lazy\"\/><\/figure><\/div>\n\n\n\n<p>The Nike share price has not been immune to the broad-based weakness across equity markets, with the company&#8217;s stock down 43% YTD.&nbsp;<\/p>\n\n\n\n<p>Despite that, as we discuss below &#8211; the stock is currently undervalued &#8211; if you put much weight in <a href=\"https:\/\/www.syfe.com\/au\/learn\/how-to-use-wall-street-insights-to-buy-the-best-stocks\/\">Wall Street\u2019s <\/a>opinions.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Nike Overview<\/strong><\/h2>\n\n\n\n<p>Founded in 1964 &#8211; Nike has come to be known for its innovative designs, backing some of the world\u2019s best athletes, and impressive revenue growth &amp; scale over the last two decades.&nbsp;&nbsp;<\/p>\n\n\n\n<p>That revenue growth in part likely explains the persistent bullishness from Wall Street analysts. Nike\u2019s annual revenue has run from US$13.7 billion in FY05 all the way up to US$46.7 billion in FY22.<\/p>\n\n\n\n<p>More broadly and despite the global headwinds we are seeing &#8211; checkout <a href=\"https:\/\/www.syfe.com\/au\/learn\/how-do-recessions-impact-the-stock-market\/\">what happens to stocks during recessions<\/a> &#8211; the sportswear company has continued to power forward in calendar 2022. Here\u2019s a quick take of Nike\u2019s most recent earnings for the first quarter of FY23:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue increased 4% to US$12.7 billion<\/li>\n\n\n\n<li>Digital sales rose 16%<\/li>\n\n\n\n<li>Gross margins declined 220 basis points to 44.3%<\/li>\n\n\n\n<li>Earnings per share fell 20% to $0.93<\/li>\n\n\n\n<li>Inventories rose 44% in the period, hitting US$9.7 billion<\/li>\n<\/ul>\n\n\n\n<pre class=\"wp-block-verse\"><strong>Fun fact:<\/strong> Did you know that the brand value of Nike stood at US$33.1 billion in 2022, according to Statista.<\/pre>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Nike Share Price Outlook&nbsp;<\/strong><\/h2>\n\n\n\n<p>Analysts currently have a Buy rating on Nike, on average. Of the sell side analysts covering the stock, Nike has 17 Buy ratings, 6 Overweight ratings, and 12 hold ratings.&nbsp;<\/p>\n\n\n\n<p>Not only that, but the average analyst price target on Nike implies that Wall Street expects the stock to potentially rise 18.2% from where it closed at on November 7, 2022. &nbsp;<\/p>\n\n\n\n<p>Some key investment banks see even more upside than that. New research from UBS recently set a US$141.00 price target on Nike, while JPMorgan set their price target to US$120.00.&nbsp;<\/p>\n\n\n\n<p>The lowest analyst price target on Nike is US$83.00.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to buy and invest in US shares<\/strong><\/h2>\n\n\n\n<p>Whether you\u2019re just getting started investing or just want to take things to the next level, with <a href=\"https:\/\/syfe.onelink.me\/diya\/qx9ojck9\">Syfe<\/a> you can invest in over 10,000+ US stocks &amp; ETFs, all from the palm of your hand.&nbsp;<\/p>\n\n\n\n<p>To start investing in US shares like Nike with Syfe, follow these simple steps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/syfe.onelink.me\/diya\/qx9ojck9\">Download our app<\/a> &amp; create a Syfe account or login to Syfe app on your mobile device<\/li>\n\n\n\n<li>Search for the stock you\u2019re looking to invest in&nbsp;<\/li>\n\n\n\n<li>Tap \u2018buy\u2019 on the app screen<\/li>\n\n\n\n<li>Choose between \u2018buy in dollars\u2019, \u2018but in shares\u2019 or \u2018Limit order\u2019 then just slide to buy<\/li>\n\n\n\n<li>Confirm your order and monitor your stock investment<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-9c8f9c15 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><img decoding=\"async\" srcset=\"https:\/\/www.syfe.com\/au\/learn\/wp-content\/uploads\/2023\/07\/SYFE50_landscape-1024x536.png \" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.syfe.com\/au\/learn\/wp-content\/uploads\/2023\/07\/SYFE50_landscape-1024x536.png\" alt=\"\" class=\"uag-image-2681\" width=\"1024\" height=\"536\" title=\"\" loading=\"lazy\"\/><\/figure><\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><sub>This article\/webinar is brought to you by Syfe Australia Pty Ltd., CAR number 1295306 of Sanlam Private Wealth Pty Ltd (AFSL 337927). Disclaimer: Investing involves risk including the risk of losing your invested amount. We do not provide personalised advice or recommendations.&nbsp; Any information we provide is general advice and current at the time&nbsp; written. Please speak to your Financial or Tax adviser for personal advice. Any reference to an investment\u2019s past or potential performance is not an indication of any specific outcome or profit.&nbsp;<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nike share price has not been immune to the broad-based weakness across equity markets, with the company&#8217;s stock down 43% YTD.&nbsp; Despite that, as we discuss below &#8211; the stock is currently undervalued &#8211; if you put much weight in Wall Street\u2019s opinions.&nbsp; Nike Overview Founded in 1964 &#8211; Nike has come to be [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":1430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[218],"tags":[31,164,165,166,167],"class_list":{"0":"post-1421","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment_ideas","8":"tag-investing","9":"tag-nike","10":"tag-nke","11":"tag-shares","12":"tag-stocks"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nike share price outlook: Analysts think the stock could run 18% from here<\/title>\n<meta name=\"description\" content=\"The Nike share price may be down 43% YTD, but analysts continue to swoon over the stock, rating it a &#039;Buy&#039; on average.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta 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Nike share price has not been immune to the broad-based weakness across equity markets, with the company&#8217;s stock down 43% YTD.&nbsp; Despite that, as we discuss below &#8211; the stock is currently undervalued &#8211; if you put much weight in Wall Street\u2019s opinions.&nbsp; Nike Overview Founded in 1964 &#8211; Nike has come to be&hellip;","category":"Investment Ideas","authorName":"Syfe","thumbnail":"https:\/\/www.syfe.com\/au\/learn\/wp-content\/uploads\/2022\/11\/Untitled-design-39-1-150x150.png","featuredImage":"https:\/\/www.syfe.com\/au\/learn\/wp-content\/uploads\/2022\/11\/Untitled-design-39-1.png","_links":{"self":[{"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/posts\/1421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/comments?post=1421"}],"version-history":[{"count":10,"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/posts\/1421\/revisions"}],"predecessor-version":[{"id":2830,"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/posts\/1421\/revisions\/2830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/media\/1430"}],"wp:attachment":[{"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/media?parent=1421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/categories?post=1421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.syfe.com\/au\/learn\/wp-json\/wp\/v2\/tags?post=1421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}