5 Most Undervalued Dow Stocks To Buy According to Analysts

3. NIKE, Inc. (NYSE:NKE)

Number of Q4 2023 Hedge Fund Shareholders: 69

Average Share Price Upside: 17%

Average Share Price Target: $122

NIKE, Inc. (NYSE:NKE) is one of the biggest athletic apparel companies in the world. The firm is dealing with a bit of controversy in Australia, as public pressure forced it to sell the goalkeeper jersey for Australia’s national women’s soccer team.

As last year’s December quarter came to an end, 69 out of the 933 hedge funds tracked by Insider Monkey were NIKE, Inc. (NYSE:NKE)’s investors. Ken Fisher’s Fisher Asset Management was the biggest shareholder as it owned $1 billion worth of shares.

Follow Nike Inc. (NYSE:NKE)