Skechers U.S.A., Inc. (SKX)
NYSE: SKX · IEX Real-Time Price · USD
67.11
-0.42 (-0.62%)
At close: Jul 2, 2024, 4:00 PM
67.00
-0.11 (-0.16%)
After-hours: Jul 2, 2024, 7:07 PM EDT
Skechers U.S.A. Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Skechers U.S.A. stock have an average target of 71.69, with a low estimate of 49 and a high estimate of 87. The average target predicts an increase of 6.82% from the current stock price of 67.11.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for SKX stock from 13 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 4 | 3 | 5 |
| Buy | 4 | 5 | 5 | 6 | 6 | 7 |
| Hold | 1 | 1 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 9 | 11 | 12 | 11 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $82 | Strong Buy | Initiates | $82 | +22.19% | Jun 13, 2024 |
| Wells Fargo | Wells Fargo | Buy Initiates $83 | Buy | Initiates | $83 | +23.68% | Jun 12, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $71 → $87 | Hold → Strong Buy | Upgrades | $71 → $87 | +29.64% | Jun 7, 2024 |
| Stifel | Stifel | Strong Buy Maintains $74 → $81 | Strong Buy | Maintains | $74 → $81 | +20.70% | May 28, 2024 |
| Wedbush | Wedbush | Buy Reiterates $76 | Buy | Reiterates | $76 | +13.25% | May 17, 2024 |
Financial Forecast
Revenue This Year
8.97B
from 8.00B
Increased by 12.17%
Revenue Next Year
9.89B
from 8.97B
Increased by 10.21%
EPS This Year
4.14
from 3.49
Increased by 18.71%
EPS Next Year
4.89
from 4.14
Increased by 18.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.4B | 10.5B | 11.8B | 11.9B | 12.9B |
| Avg | 9.0B | 9.9B | 10.8B | 11.5B | 12.4B |
| Low | 8.6B | 9.4B | 9.8B | 11.1B | 12.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.4% | 16.9% | 18.9% | 10.6% | 12.0% |
| Avg | 12.2% | 10.2% | 9.2% | 6.4% | 7.7% |
| Low | 7.8% | 4.3% | -0.9% | 3.2% | 4.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.46 | 6.29 | 8.31 | 6.70 | 7.67 |
| Avg | 4.14 | 4.89 | 5.97 | 6.44 | 7.37 |
| Low | 3.72 | 4.12 | 4.50 | 6.25 | 7.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.9% | 51.8% | 69.9% | 12.2% | 19.0% |
| Avg | 18.7% | 18.0% | 22.1% | 8.0% | 14.4% |
| Low | 6.7% | -0.7% | -8.0% | 4.7% | 11.0% |
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.