Prediction: Here's What $1,000 Invested in Nike Stock Could Be Worth by 2030

Key Points Nike is rapidly losing relevance in the global footwear industry, and this is taking a significant toll on its stock performance. The company is aiming to turn things around by streamlining the business and leaning into automation. A $1,000 investment made today is likely to be worth about the same or less by 2030. 10 stocks we like better than Nike › On Sept. 20, Real Madrid superstar Kylian Mbappe taped over the Nike (NYSE: NKE) swoosh on his Superfly cleats during a match against Atlético Madrid. Two days earlier, the French soccer legend had severed his multidecade sponsorship deal with the shoe giant in favor of the Swiss sportswear brand On, which is expanding into the soccer market.