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

$67.71
+0.41 (+0.61%)
(As of 03:51 PM ET)
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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 12 Analyst Ratings

Based on 12 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 12 analysts, 12 have given a buy rating for SKX.

Consensus Price Target

$76.75
13.35% Upside
High Forecast$87.00
Average Forecast$76.75
Low Forecast$59.00

According to the 12 analysts' twelve-month price targets for Skechers U.S.A., the average price target is $76.75. The highest price target for SKX is $87.00, while the lowest price target for SKX is $59.00. The average price target represents a forecasted upside of 13.35% from the current price of $67.71.

TypeCurrent Forecast
9/17/23 to 9/16/24		1 Month Ago
8/18/23 to 8/17/24		3 Months Ago
6/19/23 to 6/18/24		1 Year Ago
9/17/22 to 9/17/23
Consensus Rating
Buy
Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
12 Buy rating(s)
12 Buy rating(s)
9 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$76.75$76.75$72.00$58.92
Forecasted Upside13.35% Upside18.60% Upside16.44% Upside14.76% Upside

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

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

TypeSkechers U.S.A.Consumer Discretionary CompaniesS&P 500
Consensus Rating Score
3.00
2.55
2.50
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside14.04% Upside3,267.39% Upside8.55% Upside
News Sentiment RatingPositive News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/26/2024Evercore ISI
2 of 5 stars		 Boost TargetOutperform ➝ Outperform$68.00 ➝ $72.00+9.56%
7/26/2024Wedbush
3 of 5 stars		 Boost TargetOutperform ➝ Outperform$76.00 ➝ $79.00+20.28%
7/26/2024Barclays
3 of 5 stars		 Boost TargetOverweight ➝ Overweight$78.00 ➝ $79.00+20.28%
7/26/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$81.00 ➝ $83.00+28.19%
7/23/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$60.00 ➝ $80.00+24.61%
7/22/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$77.00 ➝ $79.00+24.14%
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6/13/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy$82.00+10.07%
6/12/2024Wells 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 CoverageOverweight$83.00+12.39%
6/7/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$71.00 ➝ $87.00+22.45%
2/5/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$68.00 ➝ $66.00+15.71%
1/18/2024Monness Crespi & Hardt
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$60.00 ➝ $72.00+14.12%
9/18/2023Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Overweight$54.00 ➝ $59.00+24.53%
7/28/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$63.00 ➝ $68.00+32.97%
2/3/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform$65.00 ➝ $62.00+26.07%
1/23/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$48.00 ➝ $65.00+39.43%
1/6/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$50.00+15.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:07 PM ET.

SKX Forecast - Frequently Asked Questions

What is Skechers U.S.A.'s forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Skechers U.S.A. is $76.75, with a high forecast of $87.00 and a low forecast of $59.00.

Should I buy or sell Skechers U.S.A. stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKX shares.

Does Skechers U.S.A.'s stock price have much upside?

According to analysts, Skechers U.S.A.'s stock has a predicted upside of 18.60% based on their 12-month stock forecasts.

Has Skechers U.S.A. been upgraded by Wall Street analysts recently?

Over the previous 90 days, Skechers U.S.A.'s stock had 1 upgrade by analysts.

What analysts cover Skechers U.S.A.?

Skechers U.S.A. has been rated by research analysts at Barclays, Evercore ISI, Morgan Stanley, Stifel Nicolaus, TD Cowen, and Wedbush in the past 90 days.

Do Wall Street analysts like Skechers U.S.A. more than its competitors?

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 9/16/2024 by MarketBeat.com Staff

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