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

→ Forget Nvidia, buy this A.I. Stock Now (From InvestorPlace) (Ad)

$56.49

+0.32 (+0.57%)

(As of 04/15/2024 ET)

Skechers U.S.A. Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Analysts' Consensus Price Target

$66.58
17.87% Upside

High Forecast	$74.00
Average Forecast	$66.58
Low Forecast	$49.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Moderate 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	10 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)
Hold	2 Hold rating(s)	2 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	$66.58	$66.18	$63.80	$53.08
Predicted Upside	17.87% Upside	16.55% Upside	19.77% Upside	22.05% Upside

Get Skechers U.S.A. Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for SKX and its competitors with MarketBeat's FREE daily newsletter.

Ad Gold Safe Exchange

Trump’s “Tax Free” Retirement Strategy

Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.

Protect your retirement savings from the inevitable devaluation of the dollar…

SKX Analyst Ratings 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	2.83	2.53	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	17.87% Upside	88.11% Upside	11.23% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$71.00	+15.90%
3/8/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$67.00	+9.57%
3/6/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$70.00 ➝ $74.00	+22.90%
2/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$73.00	+22.42%
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%
2/2/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$72.00 ➝ $70.00	+20.30%
Get the Latest News and Ratings for SKX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Skechers U.S.A. and its competitors with MarketBeat's FREE daily newsletter.
2/2/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$75.00 ➝ $68.00	+6.92%
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%
8/29/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$48.00 ➝ $49.00	+1.53%
7/28/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$57.00 ➝ $62.00	+12.81%
7/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$63.00 ➝ $68.00	+32.97%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:41 AM ET.

SKX Price Target - Frequently Asked Questions

What is Skechers U.S.A.'s consensus rating and price target?: According to the issued ratings of 12 analysts in the last year, the consensus rating for Skechers U.S.A. stock is Moderate Buy based on the current 2 hold ratings and 10 buy ratings for SKX. The average twelve-month price prediction for Skechers U.S.A. is $66.58 with a high price target of $74.00 and a low price target of $49.00. Learn more on SKX's analyst rating history.
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 score for Skechers U.S.A. is 2.83 while the average consensus rating score for consumer discretionary companies is 2.54. Learn more on how SKX compares to other companies.
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 16.49% based on their 12-month stock forecasts.

What analysts cover Skechers U.S.A.?: Skechers U.S.A. has been rated by Bank of America, Barclays, Evercore ISI, Monness Crespi & Hardt, Raymond James, Stifel Nicolaus, TD Cowen, and Wedbush in the past 90 days.

Stock Ratings Reports and Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

This page (NYSE:SKX) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Skechers U.S.A. Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

SKX Analyst Ratings By Month

SKX Price Targets by Month

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

Recent Analyst Ratings and Stock Forecasts

SKX Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info