Nike born to be a leader - the e-commerce trend and the end of the affiliation with different wholesale customers

This equity research has the purpose to forecast the value of Nike and its position within the industry. The company has been witnessing a growth of its operating results which makes it a market leader between its main competitors. As a result of our assumptions and estimates, we forecast a target price of US$184 as ofFY22, with an expected share return of 11,11% for shareholders, resulting in BUY recommendation