Skechers U.S.A., Inc. (SKX)
NYSE: SKX · Real-Time Price · USD
69.23
+3.75 (5.73%)
Sep 26, 2024, 4:00 PM EDT - Market closed
Skechers U.S.A. Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Skechers U.S.A. stock have an average target of 77.36, with a low estimate of 66 and a high estimate of 83. The average target predicts an increase of 11.74% from the current stock price of 69.23.
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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 3 | 5 | 5 | 5 | 4 |
| Buy | 6 | 6 | 7 | 8 | 8 | 7 |
| Hold | 2 | 2 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 11 | 13 | 13 | 13 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $87 → $81 | Strong Buy | Maintains | $87 → $81 | +17.00% | Sep 23, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $76 → $78 | Strong Buy | Maintains | $76 → $78 | +12.67% | Jul 26, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $68 → $72 | Buy | Maintains | $68 → $72 | +4.00% | Jul 26, 2024 |
| Barclays | Barclays | Buy Maintains $78 → $79 | Buy | Maintains | $78 → $79 | +14.11% | Jul 26, 2024 |
| Wedbush | Wedbush | Buy Maintains $76 → $79 | Buy | Maintains | $76 → $79 | +14.11% | Jul 26, 2024 |
Financial Forecast
Revenue This Year
9.03B
from 8.00B
Increased by 12.82%
Revenue Next Year
9.97B
from 9.03B
Increased by 10.43%
EPS This Year
4.22
from 3.49
Increased by 21.00%
EPS Next Year
5.06
from 4.22
Increased by 19.86%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.4B | 10.5B | 11.7B | ||
| Avg | 9.0B | 10.0B | 10.8B | ||
| Low | 8.7B | 9.5B | 9.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.8% | 15.9% | 17.5% | ||
| Avg | 12.8% | 10.4% | 8.8% | ||
| Low | 8.7% | 5.7% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.49 | 6.27 | 8.27 | ||
| Avg | 4.22 | 5.06 | 6.24 | ||
| Low | 4.05 | 4.66 | 5.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.8% | 48.4% | 63.5% | ||
| Avg | 21.0% | 19.9% | 23.2% | ||
| Low | 16.0% | 10.2% | 7.1% |
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.