Nike: Caitlin Clark May Not Save Them; Shares Likely Heading Lower (NYSE:NKE)
· seekingalpha.com
Nike remains overvalued at 26x forward P/E, with a more attractive entry below $25 as near-term downside outweighs upside. See why I downgraded NKE stock to sell.
Let me just start by saying that I still like Nike ( NKE ) ( NKE:CA ) from a consumer standpoint. I wear some of the company's products from time to time, and N...