NIKE, Inc. (NYSE: NKE) is a global leader in athletic footwear, apparel, and equipment. Renowned for its innovation, iconic branding, and sponsorships, NIKE has a significant presence in sports and lifestyle markets worldwide.
Key Takeaways:
- Nike’s strong brand recognition and global presence position it for continued growth.
- Innovative products and strategic partnerships are expected to drive revenue growth.
- The company’s focus on e-commerce and direct-to-consumer sales is likely to boost profitability.
- Potential risks include increased competition, economic downturns, and supply chain disruptions.
Overview of NIKE
Nike was Founded in 1964 by Phil Knight and Bill Bowerman as Blue Ribbon Sports. Nike has evolved into one of the world’s most valuable brands. The company’s mission is to bring inspiration and innovation to every athlete in the world, and it has consistently delivered on this promise through its cutting-edge products and marketing campaigns. Nike’s portfolio includes its namesake brand, as well as Jordan, Converse, and Hurley. The company operates in over 190 countries and employs more than 75,000 people worldwide.
NIKE Company Profile
| Country | United States |
| Ticker Symbol | NKE |
| Exchange | NYSE |
| Founded | 1964 |
| IPO Date | 1980 |
| Industry | Consumer Discretionary |
| Sector | Consumer Durables & Apparel |
| Employees | 79,400 |
| CEO | John Donahoe |
| Market Cap (August 30, 2024) | $124.93 billion |
| Website | Nike |
NIKE (NKE) Balance Sheet Analysis
NIKE, Inc. (NYSE: NKE) released its balance sheet for the fiscal year ending May 31, 2024, showcasing a solid financial position. The company reported total assets of $38.11 billion, a slight increase from $37.53 billion in the previous year. This growth indicates steady expansion and effective asset management.
The company’s liabilities remained stable at $23.68 billion, compared to $23.53 billion in 2023. Total equity saw a modest increase to $14.43 billion from $14.00 billion, reflecting the company’s ability to generate and retain value for shareholders.
NIKE’s total debt decreased slightly to $11.95 billion from $12.14 billion, demonstrating a continued focus on managing its debt obligations. The company’s working capital position remained strong at $14.79 billion, although it decreased from $15.95 billion in 2023.
Overall, NIKE’s 2024 balance sheet portrays a financially stable company with a strong asset base, manageable debt levels, and healthy liquidity. These figures suggest that NIKE is well-positioned to navigate market challenges and capitalize on growth opportunities in the coming years.
Balance Sheet Data Source: finance.yahoo
NIKE Stock Price History
NIKE, Inc. (NYSE: NKE) had its IPO in the year 1980. Nike (NKE) has split its stock 6 times since 1990. Splits occurred in 1990, 1995, 1996, 2007, 2012, and 2015, all at a 2:1 ratio. The most recent split was on December 24, 2015. One pre-1990 share now equals 64 shares.1
As of August 30, 2024, the stock stands at $83.32.
NIKE Stock Price Forecast 2024
We expect Nike’s stock price to continue its upward trend in 2024, driven by the company’s strong brand recognition, innovative products, and strategic partnerships. The growing demand for athleisure wear and the continued expansion of Nike’s e-commerce platform are likely to contribute to revenue growth. In 2024, we forecast the following price ranges for Nike stock:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $85.00 | $117.50 | $130.00 |
Our analysis suggests that Nike’s stock price could grow by 15-20% in 2024, compared to the current price of $92.72 as of May 13, 2024.
NIKE Stock Price Forecast 2025
In 2025, we anticipate Nike’s stock price to maintain its positive momentum, supported by the company’s focus on digital transformation and direct-to-consumer sales. The expansion of Nike’s presence in emerging markets and the continued success of its iconic product lines are expected to drive growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $93.50 | $131.60 | $171.08 |
Our analysis suggests that Nike’s stock price could grow by 12.00% in 2025, compared to our 2024 average price forecast. Nike’s investment in augmented reality technology enhances the online shopping experience, driving e-commerce growth. The company launches a successful line of smart athletic wear, integrating wearable technology into its products. Expansion in Southeast Asian markets exceeds expectations, contributing to overall growth.
NIKE Stock Price Forecast 2026
As Nike continues to innovate and adapt to changing consumer preferences, we expect its stock price to rise further in 2026. The company’s investments in sustainable materials and manufacturing processes are likely to resonate with environmentally conscious consumers and contribute to brand loyalty.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $103.79 | $147.39 | $191.61 |
Our analysis suggests that Nike’s stock price could grow by 12.00% in 2026, compared to our 2025 average price forecast. Nike’s commitment to sustainable manufacturing practices leads to improved supply chain efficiency and cost savings. The company’s innovative use of 3D printing for customized footwear gains popularity. A major partnership with an emerging esports league broadens Nike’s market reach.
NIKE Stock Price Forecast 2027
In 2027, we anticipate Nike’s stock price to benefit from the company’s strong partnerships with athletes and sports organizations, as well as its continued expansion into new product categories. The growth of the global sports market and Nike’s ability to capitalize on emerging trends are expected to drive revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $116.24 | $166.55 | $216.52 |
Our analysis suggests that Nike’s stock price could grow by 13.00% in 2027, compared to our 2026 average price forecast. Nike’s data-driven approach to product development results in highly targeted and successful product launches. The company’s virtual reality fitness platform gains a significant user base. Expansion of Nike’s direct-to-consumer channels in key European markets boosts profit margins.
NIKE Stock Price Forecast 2028
In 2028, we expect Nike’s stock price to continue its upward trajectory, supported by the company’s strong brand equity and ability to generate consistent revenue growth. The expansion of Nike’s digital ecosystem and the potential for new acquisitions could further enhance the company’s market position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $130.19 | $188.20 | $244.66 |
Our analysis suggests that Nike’s stock price could grow by 13.00% in 2028, compared to our 2027 average price forecast. Nike’s acquisition of a popular fitness app enhances its digital ecosystem. The company’s use of AI for personalized marketing campaigns proves highly effective. Nike’s sustainable materials research leads to a breakthrough in eco-friendly performance fabrics.
NIKE Stock Price Forecast 2029
As Nike approaches the end of the decade, we anticipate its stock price to benefit from the company’s strong cash flow generation and potential for increased shareholder returns. The continued expansion of Nike’s direct-to-consumer channels and the potential for new product innovations are expected to drive growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $146.61 | $213.59 | $277.67 |
Our analysis suggests that Nike’s stock price could grow by 13.50% in 2029, compared to our 2028 average price forecast. Nike successfully enters the metaverse market with virtual branded experiences and digital collectibles. The company’s focus on adaptive sportswear for athletes with disabilities generates positive press and new revenue streams. Expansion in African markets shows promising early results.
NIKE Stock Price Forecast 2030
Entering the new decade, we expect Nike’s stock price to maintain its positive momentum, supported by the company’s strong brand recognition and ability to adapt to changing consumer preferences. The potential for new partnerships and collaborations, as well as the continued growth of the global sports market, are likely to contribute to revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $165.67 | $243.49 | $316.54 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2030, compared to our 2029 average price forecast. Nike’s investment in automated manufacturing technology significantly reduces production costs. The company’s carbon-neutral initiatives reach a major milestone, appealing to eco-conscious consumers. A groundbreaking collaboration with a major tech company integrates Nike products with smart home systems. As Nike continues to dominate the athletic wear market, other companies like Lululemon are also making strides. Check out our Lululemon stock prediction for a comparison in the athleisure sector.
NIKE Stock Price Forecast 2031
In 2031, we expect Nike’s stock price to continue its upward trend, supported by the company’s strong brand recognition and ability to capitalize on emerging market opportunities. The continued expansion of Nike’s e-commerce platform and the potential for new product innovations are likely to drive revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $187.21 | $277.58 | $360.85 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2031, compared to our 2030 average price forecast. Nike’s expansion into the space tourism market with specialized gear generates buzz. The company’s AI-driven design process leads to revolutionary lightweight materials. Nike’s virtual reality sports training platform becomes a standard tool for professional athletes worldwide.
NIKE Stock Price Forecast 2032
As Nike continues to adapt to changing consumer preferences and invest in digital transformation, we anticipate its stock price to rise further in 2032. The company’s focus on sustainable materials and manufacturing processes is likely to resonate with environmentally conscious consumers and contribute to brand loyalty.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $211.54 | $316.44 | $411.37 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2032, compared to our 2031 average price forecast. Nike introduces biometric clothing that adapts to the wearer’s body temperature and movements. The company’s circular economy initiatives result in a successful product line made entirely from recycled materials. Nike’s partnerships with emerging sports leagues in developing countries boost global market share.
NIKE Stock Price Forecast 2033
In 2033, we expect Nike’s stock price to benefit from the company’s strong partnerships with athletes and sports organizations, as well as its continued expansion into new product categories. The growth of the global sports market and Nike’s ability to capitalize on emerging trends are expected to drive revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $239.04 | $360.74 | $468.96 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2033, compared to our 2032 average price forecast. Nike’s investment in nanotechnology leads to self-repairing fabrics in premium product lines. The company’s augmented reality try-on feature becomes industry standard. Nike’s sustainable manufacturing practices set new benchmarks for the entire fashion industry.
NIKE Stock Price Forecast 2034
In 2034, we anticipate Nike’s stock price to continue its upward trajectory, supported by the company’s strong brand equity and ability to generate consistent revenue growth. The expansion of Nike’s digital ecosystem and the potential for new acquisitions could further enhance the company’s market position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $270.12 | $411.24 | $534.61 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2034, compared to our 2033 average price forecast. Nike launches a successful line of performance-enhancing, FDA-approved wearable tech. The company’s AI-powered personal training app reaches 100 million users. Nike’s expansion into the rapidly growing elder care market with specialized products proves lucrative.
NIKE Stock Price Forecast 2035
As Nike continues to innovate and adapt to changing market conditions, we expect its stock price to benefit from the company’s strong cash flow generation and potential for increased shareholder returns. The continued expansion of Nike’s direct-to-consumer channels and the potential for new product innovations are expected to drive growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $305.23 | $468.81 | $609.45 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2035, compared to our 2034 average price forecast. Nike’s zero-waste manufacturing process is fully implemented across all product lines. The company’s blockchain-based authentication system effectively combats counterfeiting. While Nike focuses on direct-to-consumer channels, other retail giants like TJX are adapting their strategies as well. See our TJX stock forecast for insights into the evolving retail landscape.
NIKE Stock Price Forecast 2036
In 2036, we anticipate Nike’s stock price to maintain its positive momentum, supported by the company’s strong brand recognition and ability to adapt to changing consumer preferences. The potential for new partnerships and collaborations, as well as the continued growth of the global sports market, are likely to contribute to revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $344.91 | $534.44 | $694.77 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2036, compared to our 2035 average price forecast. Nike introduces customizable, 3D-printed footwear available in retail stores. The company’s sustainable materials research leads to breakthroughs adopted across multiple industries. Nike’s virtual reality sports experiences become a major revenue stream.
NIKE Stock Price Forecast 2037
As Nike continues to leverage its strong brand equity and global presence, we expect its stock price to rise further in 2037. The company’s investments in technology and data analytics are likely to help optimize its operations and enhance its ability to respond to changing market conditions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $389.75 | $609.26 | $792.04 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2037, compared to our 2036 average price forecast. Nike’s smart fabrics capable of monitoring vital signs gain widespread adoption in healthcare settings. The company’s AI-driven supply chain management system sets new industry standards for efficiency. Nike’s expansion into personalized nutrition supplements complements its fitness ecosystem.
NIKE Stock Price Forecast 2038
In 2038, we anticipate Nike’s stock price to benefit from the company’s continued focus on innovation and sustainability. The development of new materials and manufacturing processes, as well as the expansion of Nike’s presence in emerging markets, are expected to drive revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $440.41 | $694.56 | $902.93 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2038, compared to our 2037 average price forecast. Nike’s development of eco-friendly, high-performance materials revolutionizes the sportswear industry. The company’s virtual fitting rooms using holographic technology enhance the online shopping experience. Nike’s partnerships with space agencies for specialized gear generate significant media attention.
NIKE Stock Price Forecast 2039
As Nike approaches the end of the decade, we expect its stock price to continue its upward trend, supported by the company’s strong financial performance and market leadership position. The continued expansion of Nike’s e-commerce platform and the potential for new strategic partnerships are likely to contribute to revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $497.66 | $791.80 | $1,029.34 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2039, compared to our 2038 average price forecast. Nike introduces self-lacing, shape-shifting footwear adapting to different sports. The company’s sustainable practices lead to complete carbon neutrality across all operations. Nike’s AI-designed products consistently outperform competitor offerings in performance tests.
NIKE Stock Price Forecast 2040
Entering the new decade, we anticipate Nike’s stock price to maintain its positive momentum, supported by the company’s strong brand recognition and ability to generate consistent returns for shareholders. The potential for new product innovations and the continued growth of the global sports market are expected to drive revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $562.36 | $902.65 | $1,173.45 |
Our analysis suggests that Nike’s stock price could grow by 14.00% in 2040, compared to our 2039 average price forecast. Nike’s integration of advanced robotics in retail experiences redefines brick-and-mortar shopping. The company’s investment in lab-grown materials reduces environmental impact while improving product performance. Nike’s virtual sports league becomes a major global entertainment platform. As Nike achieves carbon neutrality and invests in sustainable practices, energy companies are also pivoting towards greener solutions. Take a look at our Sempra stock prediction to understand how the energy sector is transforming.
NIKE Stock Price Forecast 2050
Looking ahead to 2050, we believe that Nike’s stock price will continue to reflect the company’s strong market position and ability to generate consistent returns for shareholders.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $3,400.00 | $4,000.00 | $5,600.00 |
Our analysis indicates that Nike’s stock price could reach an average of $6,000 by 2050. Nike’s long-term investments in sustainability and innovation have positioned it as a leader in eco-friendly high-tech sportswear. The company’s products are now integral to both professional sports and everyday life, with applications ranging from health monitoring to enhancing physical capabilities. Nike’s brand has become synonymous with cutting-edge technology and environmental responsibility.
Conclusion
In conclusion, our analysis suggests that Nike, Inc. (NYSE: NKE) is well-positioned for long-term growth, with its stock price expected to rise consistently over the next three decades. The company’s strong brand recognition, innovative products, and strategic partnerships are likely to drive revenue growth and profitability. While potential risks, such as increased competition and economic uncertainties, cannot be overlooked, we believe that Nike’s ability to adapt and capitalize on emerging trends will continue to support its market leadership position. As always, investors should conduct their own research and consider their individual financial goals and risk tolerance before making investment decisions.
FAQs
1. What is the future of NIKE share price?
According to the forecast, Nike’s stock price is expected to show consistent growth over the coming decades. Starting from an average price of $117.50 in 2024, the projection suggests the stock could reach an average price of $902.65 by 2040, representing a significant upward trend. The forecast extends even further, predicting an average price of $4,000 by 2050.
2. Is NIKE a good long-term stock?
Based on this forecast, Nike appears to be positioned as a strong long-term investment. The projections indicate steady year-over-year growth, with annual increases ranging from 12% to 14% throughout most of the forecast period. This consistent growth, coupled with Nike’s strong brand recognition, innovative product development, and strategic adaptations to market trends, suggests it could be a favorable long-term stock option.
3. What is the NIKE 10 year outlook?
Looking at the 10-year period from 2024 to 2034, the forecast predicts substantial growth for Nike’s stock. The average price is expected to increase from $117.50 in 2024 to $411.24 in 2034. This represents a growth of approximately 250% over the decade. The outlook highlights Nike’s continued focus on digital transformation, sustainability initiatives, and expansion into new markets as key drivers of this growth.
4. Is NIKE a buy, hold, or sell?
We would lean towards considering Nike as a “buy” or “hold” for long-term investors. Nike’s powerful brand recognition is likely to continue supporting its market position and financial performance. Nike’s focus on e-commerce and digital initiatives is expected to contribute to its future success.
5. Who are the major competitors of NIKE?
The major competitors of NIKE, Inc. (NYSE: NKE) include:
- ASICS Corporation (OTCMKTS: ASCCY) – A Japanese multinational, ASICS competes in running shoes and other sports-related products.
- Adidas AG (OTCQX: ADDYY) – A global sportswear company, Adidas competes with Nike in athletic footwear, apparel, and accessories.
- Under Armour, Inc. (NYSE: UAA) – Known for its performance apparel, Under Armour is a key competitor in the sportswear industry.
- PUMA SE (OTCMKTS: PMMAF) – A German multinational, PUMA competes in footwear, apparel, and accessories, focusing on both sports and lifestyle segments.
- VF Corporation (NYSE: VFC) – With brands like The North Face, Vans, and Timberland, VF Corporation competes in the broader apparel and footwear markets.
- Skechers USA, Inc. (NYSE: SKX) – Primarily known for its casual footwear, Skechers also competes in the athletic and performance footwear segments.
- Columbia Sportswear Company (NASDAQ: COLM) – Competes with Nike in outdoor and performance apparel, footwear, and accessories.
- Lululemon Athletica Inc. (NASDAQ: LULU) – Focused on yoga-inspired apparel, Lululemon competes in the premium activewear segment.
- Deckers Outdoor Corporation (NYSE: DECK) – Known for its UGG brand, Deckers also competes in the performance and lifestyle footwear markets.
- New Balance Athletics, Inc. (Private) – A privately held company, New Balance competes directly with Nike in athletic footwear and apparel.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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