Skechers U.S.A. (SKX) Stock Forecast & Price Target

$61.69 +0.60 (+0.98%)

(As of 12:25 PM ET)

Skechers U.S.A. - 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

Buy

Based on 11 Analyst Ratings

Sell
0

Hold
0

Buy
11

Based on 11 Wall Street analysts who have issued ratings for Skechers U.S.A. in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 11 have given a buy rating for SKX.

Consensus Price Target

$78.09
26.59% Upside

According to the 11 analysts' twelve-month price targets for Skechers U.S.A., the average price target is $78.09. The highest price target for SKX is $84.00, while the lowest price target for SKX is $66.00. The average price target represents a forecasted upside of 26.59% from the current price of $61.69.

SKX Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	10 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$78.09	$77.55	$76.75	$59.33
Forecasted Upside	26.59% Upside	22.78% Upside	18.33% Upside	12.91% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

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SKX 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.

SKX 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.

Skechers U.S.A. Stock vs. The Competition

Type	Skechers U.S.A.	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	3.00	2.57	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	27.83% Upside	1,169.08% Upside	8.04% Upside
News Sentiment Rating	Positive News See Recent SKX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/25/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Boost Target	Buy ➝ Buy	$83.00 ➝ $84.00	+40.12%
10/25/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$79.00 ➝ $80.00	+32.43%
10/25/2024	Bank of America 4 of 5 stars		Lower Target	Buy ➝ Buy	$81.00 ➝ $80.00	+29.83%
10/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$81.00 ➝ $84.00	+36.32%
10/14/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$78.00 ➝ $76.00	+15.40%
7/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$68.00 ➝ $72.00	+9.56%
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7/26/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$76.00 ➝ $79.00	+20.28%
7/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$81.00 ➝ $83.00	+28.19%
6/12/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Gaertner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$83.00	+12.39%
2/5/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$68.00 ➝ $66.00	+15.71%
1/18/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$60.00 ➝ $72.00	+14.12%
9/18/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$54.00 ➝ $59.00	+24.53%
7/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$63.00 ➝ $68.00	+32.97%
2/3/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$65.00 ➝ $62.00	+26.07%
1/23/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$48.00 ➝ $65.00	+39.43%
1/6/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$50.00	+15.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:45 PM ET.

SKX Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Skechers U.S.A. is $78.09, with a high forecast of $84.00 and a low forecast of $66.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SKX shares.
: According to analysts, Skechers U.S.A.'s stock has a predicted upside of 26.59% based on their 12-month stock forecasts.
: Skechers U.S.A. has been rated by research analysts at Bank of America, Barclays, Deutsche Bank Aktiengesellschaft, Morgan Stanley, and TD Cowen in the past 90 days.
: Analysts like Skechers U.S.A. more than other "consumer discretionary" companies. The consensus rating for Skechers U.S.A. is Buy while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how SKX compares to other companies.

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This page (NYSE:SKX) was last updated on 11/14/2024 by MarketBeat.com Staff

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Skechers U.S.A. (SKX) Stock Forecast & Price Target