Skechers U.S.A., Inc. (SKX)
NYSE: SKX · Real-Time Price · USD
61.69
+0.68 (1.11%)
Nov 22, 2024, 4:00 PM EST - Market closed
Skechers U.S.A. Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Skechers U.S.A. stock have an average target of 77.6, with a low estimate of 66 and a high estimate of 84. The average target predicts an increase of 25.79% from the current stock price of 61.69.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for SKX stock from 11 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 4 | 4 | 4 |
| Buy | 7 | 8 | 8 | 7 | 7 | 6 |
| Hold | 1 | 0 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 13 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Nov 22, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $83 → $84 | Strong Buy | Maintains | $83 → $84 | +36.16% | Oct 25, 2024 |
| Barclays | Barclays | Buy Maintains $79 → $80 | Buy | Maintains | $79 → $80 | +29.68% | Oct 25, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $81 → $80 | Strong Buy | Maintains | $81 → $80 | +29.68% | Oct 25, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $81 → $84 | Buy | Maintains | $81 → $84 | +36.16% | Oct 25, 2024 |
Financial Forecast
Revenue This Year
9.07B
from 8.00B
Increased by 13.32%
Revenue Next Year
10.01B
from 9.07B
Increased by 10.37%
EPS This Year
4.29
from 3.49
Increased by 22.94%
EPS Next Year
5.00
from 4.29
Increased by 16.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.4B | 10.6B | 11.7B | ||
| Avg | 9.1B | 10.0B | 11.0B | ||
| Low | 8.8B | 9.6B | 10.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.0% | 16.5% | 16.5% | ||
| Avg | 13.3% | 10.4% | 9.6% | ||
| Low | 9.8% | 6.1% | 4.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.50 | 5.51 | 6.64 | ||
| Avg | 4.29 | 5.00 | 5.93 | ||
| Low | 4.14 | 4.63 | 5.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.9% | 28.5% | 32.7% | ||
| Avg | 22.9% | 16.5% | 18.6% | ||
| Low | 18.5% | 7.8% | 3.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.