Steven Madden (SHOO) Stock Forecast & Price Target

$44.02

+1.35 (+3.16%)

(As of 07/26/2024 ET)

Steven Madden - 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

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Steven Madden in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 6 have given a hold rating, and 1 has given a buy rating for SHOO.

Consensus Price Target

$43.38
-1.47% Downside

High Forecast	$53.00
Average Forecast	$43.38
Low Forecast	$37.00

According to the 7 analysts' twelve-month price targets for Steven Madden, the average price target is $43.38. The highest price target for SHOO is $53.00, while the lowest price target for SHOO is $37.00. The average price target represents a forecasted downside of -1.47% from the current price of $44.02.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	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	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$43.38	$43.38	$41.38	$37.33
Forecasted Upside	-1.47% Downside	4.27% Upside	3.67% Upside	11.85% Upside

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SHOO 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.

SHOO 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.

Steven Madden Stock vs. The Competition

Type	Steven Madden	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.14	2.55	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-0.38% Downside	120.26% Upside	9.48% 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/26/2024	Wedbush 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$41.00 ➝ $41.00	-6.54%
7/25/2024	Telsey Advisory Group 2 of 5 stars		Reiterated Rating	Market Perform ➝ Market Perform	$44.00 ➝ $44.00	+1.99%
6/6/2024	BTIG Research 2 of 5 stars		Boost Target	Buy ➝ Buy	$50.00 ➝ $53.00	+19.53%
2/29/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$41.00 ➝ $43.00	+0.40%
2/21/2024	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$44.00	+0.99%
2/14/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$45.00	+7.17%
Get the Latest News and Ratings for SHOO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Steven Madden and its competitors with MarketBeat's FREE daily newsletter.
1/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$40.00	-2.18%
8/3/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$35.00 ➝ $37.00	+8.31%
2/14/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$30.00 ➝ $32.00	-7.99%
9/28/2022	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
9/21/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Aubrey Tianello Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
7/28/2022	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$58.00 ➝ $49.00	+50.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:16 PM ET.

SHOO Forecast - Frequently Asked Questions

What is Steven Madden's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Steven Madden is $43.38, with a high forecast of $53.00 and a low forecast of $37.00.
Should I buy or sell Steven Madden stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SHOO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOO, but not buy additional shares or sell existing shares.
Does Steven Madden's stock price have much upside?: According to analysts, Steven Madden's stock has a predicted upside of 2.39% based on their 12-month stock forecasts.
What analysts cover Steven Madden?: Steven Madden has been rated by research analysts at BTIG Research, Telsey Advisory Group, and Wedbush in the past 90 days.
Do Wall Street analysts like Steven Madden more than its competitors?: Analysts like Steven Madden less than other "consumer discretionary" companies. The consensus rating for Steven Madden is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how SHOO compares to other companies.