Aug. 14 at 10:21 PM
$NKE i would expect a very long consol here.
I wouldnt think 44 or 48 is in the books anymore unless stellar earnings (which i dont see why), disprove the price band.
Further, as capital rotates out of traditional and into new, i would expect nike being abandoned relative to anthropic, openai, spacex etc that have either just listed or about to list. Even pension funds would rotate into adjacent ai, instead of legacy footware or whatever sporting equipment.
In other words.. the multiples attached to this industry will compress and nike being not exactly the industry leader innovator is likely to find itself peckish around the 34-36 band. After that, american supernism will attack to protect its own and will stabilise one way or another..
12M target c.a. 44.. which on an 32-34 bottom is almost 50%.
