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Foot Locker (FL) Stock Forecast & Price Target

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$24.64 +1.51 (+6.53%)
(As of 07:15 PM ET)

Foot Locker - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
8
Buy
5

Based on 15 Wall Street analysts who have issued ratings for Foot Locker in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 2 have given a sell rating, 8 have given a hold rating, and 5 have given a buy rating for FL.

Consensus Price Target

$27.33
10.93% Upside
According to the 15 analysts' twelve-month price targets for Foot Locker, the average price target is $27.33. The highest price target for FL is $38.00, while the lowest price target for FL is $18.00. The average price target represents a forecasted upside of 10.93% from the current price of $24.64.
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FL Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
8 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
12 Hold rating(s)
Sell
2 Sell rating(s)
3 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$27.33$26.53$25.93$24.47
Forecasted Upside10.93% Upside9.96% Upside-20.96% Downside4.95% Upside
Consensus Rating
Hold
Hold
Reduce
Reduce

FL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Foot Locker Stock vs. The Competition

TypeFoot LockerRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.20
2.51
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside18.17% Upside25.99% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent FL News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/22/2024Needham & Company LLC
3 of 5 stars
T. Nikic
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Initiated CoverageBuy$27.00+20.27%
10/7/2024Gordon Haskett
4 of 5 stars
E. Cohen
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Initiated CoverageAccumulate$27.00+11.99%
9/25/2024Robert W. Baird
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$35.00 ➝ $27.00-1.75%
8/29/2024Barclays
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A. Yih
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UpgradeEqual Weight ➝ Overweight$27.00 ➝ $34.00+15.45%
8/28/2024Telsey Advisory Group
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C. Fernandez
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Reiterated RatingMarket Perform ➝ Market Perform$27.00 ➝ $27.00-8.07%
8/26/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$34.00 ➝ $38.00+13.06%
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8/23/2024Piper Sandler
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 Reiterated RatingNeutral$30.00-8.98%
8/20/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$27.00 ➝ $33.00+2.07%
7/18/2024Morgan Stanley
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 DowngradeEqual Weight ➝ Underweight$24.00 ➝ $18.00-31.95%
6/12/2024Wedbush
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 Reiterated RatingNeutral ➝ Neutral$25.00 ➝ $25.00-2.84%
3/11/2024UBS Group
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 UpgradeSell ➝ Neutral$12.00 ➝ $23.00-4.76%
3/7/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$31.00 ➝ $27.00+11.39%
3/7/2024Guggenheim
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 Lower TargetBuy ➝ Buy$35.00 ➝ $30.00+23.76%
3/6/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$25.00 ➝ $24.00-0.99%
11/30/2023The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$18.00 ➝ $20.00-27.33%
11/22/2023Williams Trading
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 Reiterated RatingHold ➝ Sell$15.00-34.41%
11/21/2023BTIG Research
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 DowngradeBuy ➝ Neutral
10/24/2023JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$20.00 ➝ $17.00-17.11%
5/22/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$42.00 ➝ $28.00-2.61%
3/21/2023TD Securities
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 Boost TargetMarket Perform$39.00 ➝ $43.00+1.11%
3/21/2023Credit Suisse Group
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 Reiterated RatingOutperform$62.00+55.54%
3/14/2023Seaport Res Ptn
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M. Kummetz
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Reiterated RatingNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:34 PM ET.


FL Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Foot Locker is $27.33, with a high forecast of $38.00 and a low forecast of $18.00.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FL, but not buy additional shares or sell existing shares.

According to analysts, Foot Locker's stock has a predicted upside of 10.93% based on their 12-month stock forecasts.

Over the previous 90 days, Foot Locker's stock had 1 upgrade by analysts.

Foot Locker has been rated by research analysts at Barclays, Gordon Haskett, Needham & Company LLC, Robert W. Baird, and Telsey Advisory Group in the past 90 days.

Analysts like Foot Locker less than other "retail/wholesale" companies. The consensus rating for Foot Locker is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how FL compares to other companies.


This page (NYSE:FL) was last updated on 11/25/2024 by MarketBeat.com Staff
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