Foot Locker (FL) Stock Forecast & Price Target

$27.34

+0.68 (+2.55%)

(As of 09/17/2024 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

Reduce
Based on 16 Analyst Ratings

Based on 16 Wall Street analysts who have issued ratings for Foot Locker in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 16 analysts, 4 have given a sell rating, 9 have given a hold rating, and 3 have given a buy rating for FL.

Consensus Price Target

$26.40
-3.42% Downside

High Forecast	$38.00
Average Forecast	$26.40
Low Forecast	$15.00

According to the 16 analysts' twelve-month price targets for Foot Locker, the average price target is $26.40. The highest price target for FL is $38.00, while the lowest price target for FL is $15.00. The average price target represents a forecasted downside of -3.42% from the current price of $27.34.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Reduce	Reduce	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	12 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$26.40	$23.73	$24.81	$27.83
Forecasted Upside	-3.42% Downside	-0.65% Downside	3.85% Upside	15.49% Upside

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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.

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.

Foot Locker Stock vs. The Competition

Type	Foot Locker	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	1.94	2.48	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	-3.44% Downside	39.41% Upside	7.67% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Barclays 3 of 5 stars	A. Yih Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$27.00 ➝ $34.00	+15.45%
8/28/2024	Telsey Advisory Group 2 of 5 stars	C. Fernandez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform	$27.00 ➝ $27.00	-8.07%
8/26/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$34.00 ➝ $38.00	+13.06%
8/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$26.00 ➝ $35.00	+7.00%
8/23/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$30.00	-8.98%
8/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$27.00 ➝ $33.00	+2.07%
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7/18/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$24.00 ➝ $18.00	-31.95%
6/12/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$25.00 ➝ $25.00	-2.84%
3/11/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$12.00 ➝ $23.00	-4.76%
3/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$31.00 ➝ $27.00	+11.39%
3/7/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$35.00 ➝ $30.00	+23.76%
3/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$25.00 ➝ $24.00	-0.99%
11/30/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$18.00 ➝ $20.00	-27.33%
11/22/2023	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Sell	$15.00	-34.41%
11/21/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
10/24/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underweight	$20.00 ➝ $17.00	-17.11%
5/22/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$42.00 ➝ $28.00	-2.61%
3/21/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$39.00 ➝ $43.00	+1.11%
3/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$62.00	+55.54%
3/14/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Kummetz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
11/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$35.00 ➝ $39.00	+8.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:42 PM ET.

FL Forecast - Frequently Asked Questions

What is Foot Locker's forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Foot Locker is $26.40, with a high forecast of $38.00 and a low forecast of $15.00.
Should I buy or sell Foot Locker stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 4 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" FL shares.
Does Foot Locker's stock price have much downside?: According to analysts, Foot Locker's stock has a predicted downside of -3.50% based on their 12-month stock forecasts.
Has Foot Locker been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Foot Locker's stock had 1 upgrade and 1 downgrade by analysts.
What analysts cover Foot Locker?: Foot Locker has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Morgan Stanley, Piper Sandler, Robert W. Baird, and Telsey Advisory Group in the past 90 days.
Do Wall Street analysts like Foot Locker more than its competitors?: Analysts like Foot Locker less than other "retail/wholesale" companies. The consensus rating for Foot Locker is Reduce while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how FL compares to other companies.