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Nike Stock Could Rise 70% If It Recovers To Pre-Inflation Shock Highs

NKE saw its stock trading at around $83 on October 2, 2022, when the Fed kept increasing rates, and now remains up by about 24% from those levels.

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What s Next For Nike s Stock?

NKE stock has declined from around $117 to $109 YTD, underperforming the broader indices, with the S&P growing about 16% over the same period.

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Nike Stock Price Soars 14% As Investors Cheer Earnings Beat

Nike's said sales rose 17% year-over-year, while inventory decreased one percentage point from Q1 2022.

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Where next for Nike stock ahead of Q3 earnings

Nike said in December that supply chain headwinds were set to be ‘short term’, but will that remain the case when it reports its next set of results?

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Where next for Nike shares ahead of its Q2 earnings

The brakes are set to be applied to Nike’s revenue growth and earnings are set to fall for the first time in over year as the company battles against supply chain disruption and rising costs.

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