Jan. 5 at 4:59 PM
$NKE: Sky-High Valuation or Solid Long-Term Bet? 🤔
👟 Trading at 30.34X P/E, NIKE's valuation towers over peers like adidas (
$ADDYY) and Steven Madden (
$SHOO), raising questions about its growth trajectory.
📉 Shares are down 17.3% in 6 months, trailing the broader industry and sector averages.
Is this a hold or time to remain cautious? Fundamental insights here 👉 https://www.zacks.com/stock/news/2811977/nikes-stock-looks-expensive-is-patience-the-better-strategy-now?cid=sm-stocktwits-2-2811977-body-27368&ADID=SYND_STOCKTWITS_TWEET_2_2811977_BODY_27368