Nike: Impressive, But Expensive


  • Nike delivered an excellent 2Q23 and beat both top and bottom line estimates by analysts by a big margin.
  • Nike continues to see rising inventory levels, but these are mostly the result of easy comparisons to last year and higher input costs.
  • I believe Nike has solid growth drivers in place and could easily see double digit growth over the next decade.
  • The financial performance from Nike is very impressive but the current price is challenging as I calculate price target of $120, leaving it with very little upside potential.

Large NIKE store at night with many people's silhouette

Robert Way

Nike Inc.

Nike (NYSE:NKE) will be a very familiar brand to most people, but I will give it a short introduction anyway. Nike is an American multinational that designs, manufactures, and sells mostly footwear and apparel. Nike is headquartered in Beaverton, Oregon, and is


Nike annual revenue (Statista)


Nike share count over the last decade (Macro trends)


Nike Direct Revenue (Statista)


Footwear industry size (Statista)

Afbeelding met tekst Automatisch gegenereerde beschrijving


Disclosure: I/we have a beneficial long position in the shares of NKE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Leave a Reply

Your email address will not be published. Required fields are marked *