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

$68.16
+0.26 (+0.38%)
(As of 07/12/2024 08:52 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

Consensus Price Target

$72.00
5.63% Upside
High Forecast$87.00
Average Forecast$72.00
Low Forecast$49.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
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
12 Buy rating(s)
12 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
2 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$72.00$72.00$66.58$56.27
Forecasted Upside5.63% Upside16.44% Upside16.49% Upside21.76% Upside
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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.
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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.
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Skechers U.S.A. Stock vs. The Competition

TypeSkechers U.S.A.Consumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.92
2.55
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside5.63% Upside2,133.20% Upside9.19% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/13/2024Deutsche Bank Aktiengesellschaft
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 Reiterated RatingBuy$82.00+10.07%
6/12/2024Wells Fargo & Company
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W. Gaertner
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Initiated CoverageOverweight$83.00+12.39%
6/7/2024Bank of America
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 UpgradeNeutral ➝ Buy$71.00 ➝ $87.00+22.45%
5/28/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$74.00 ➝ $81.00+14.71%
5/17/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$76.00+10.67%
4/17/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$73.00 ➝ $68.00+19.72%
4/1/2024Barclays
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 Initiated CoverageOverweight$71.00+15.90%
3/6/2024TD Cowen
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 Boost TargetBuy ➝ Buy$70.00 ➝ $74.00+22.90%
2/5/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$68.00 ➝ $66.00+15.71%
1/18/2024Monness Crespi & Hardt
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 Boost TargetBuy$60.00 ➝ $72.00+14.12%
9/18/2023Piper Sandler
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 UpgradeNeutral ➝ Overweight$54.00 ➝ $59.00+24.53%
8/29/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$48.00 ➝ $49.00+1.53%
7/28/2023UBS Group
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 Boost TargetBuy$63.00 ➝ $68.00+32.97%
2/3/2023Cowen
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 Lower TargetOutperform$65.00 ➝ $62.00+26.07%
1/23/2023Cowen
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 UpgradeMarket Perform ➝ Outperform$48.00 ➝ $65.00+39.43%
1/6/2023Argus
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 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 04:33 AM ET.

SKX Forecast - Frequently Asked Questions

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

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Skechers U.S.A. is $72.00, with a high forecast of $87.00 and a low forecast of $49.00.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last year. There is currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate 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 16.44% 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 Bank of America, Deutsche Bank Aktiengesellschaft, Evercore ISI, Stifel Nicolaus, Wedbush, and Wells Fargo & Company 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 score for Skechers U.S.A. is 2.92 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how SKX compares to other companies.


This page (NYSE:SKX) was last updated on 7/15/2024 by MarketBeat.com Staff

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