10 Best Golf Stocks to Buy According to Analysts

2. NIKE, Inc. (NYSE:NKE)

Analysts’ Upside Potential as of April 9: 52.04%

NIKE, Inc. (NYSE:NKE) is among the Best Golf Stocks. It is a global athletic clothing and footwear corporation. While it is not a large player in the golf equipment market, it does provide a diverse line of golf clothes and footwear, including shoes and clothing tailored for comfort and style on the course. Its golf products are connected with well-known golfers such as Rory McIlroy and have received widespread recognition for their quality and performance attributes. However, other sports, such as basketball, jogging, and soccer, continue to receive wide attention.

The company’s business in China, a vital market, has struggled due to the economic downturn and increased competition from local businesses. NIKE, Inc. (NYSE:NKE)’s CEO, Elliott Hill, focuses on restoring the brand’s core identity: sport and the athlete, with a particular focus on rebuilding relationships with retailers and promoting innovation.

The business aims to reconnect with players and sports fans by highlighting the brand’s genuine connection to the sport. It intends to relaunch its product lineup through innovation, ensuring that its offerings are not only in line with present trends but also far ahead of the curve in terms of performance and design. NIKE, Inc. (NYSE:NKE) introduced several new items, including the Peg Premium and Vomero 18, which gained excellent consumer feedback. The new 24/7 apparel collection outperformed sales projections, showing successful footwear and apparel innovation.

Hill admits that NIKE, Inc. (NYSE:NKE) has relied too heavily on promotions to drive sales and intends to transition to a full-price model in its online business while actively eliminating outdated inventory through less profitable channels.