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Skechers USA Inc has a consensus price target of $69.79 based on the ratings of 21 analysts. The high is $84 issued by Deutsche Bank on October 25, 2024. The low is $48 issued by Raymond James on December 1, 2022. The 3 most-recent analyst ratings were released by Piper Sandler, Deutsche Bank, and Barclays on December 10, 2024, October 25, 2024, and October 25, 2024, respectively. With an average price target of $76.33 between Piper Sandler, Deutsche Bank, and Barclays, there's an implied 12.75% upside for Skechers USA Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Skechers USA (NYSE:SKX) was reported by Piper Sandler on December 10, 2024. The analyst firm set a price target for $65.00 expecting SKX to fall to within 12 months (a possible -3.99% downside). 33 analyst firms have reported ratings in the last year.
The latest analyst rating for Skechers USA (NYSE:SKX) was provided by Piper Sandler, and Skechers USA their neutral rating.
The last upgrade for Skechers USA Inc happened on July 23, 2024 when Morgan Stanley raised their price target to $80. Morgan Stanley previously had an equal-weight for Skechers USA Inc.
The last downgrade for Skechers USA Inc happened on January 18, 2023 when Morgan Stanley changed their price target from $54 to $46 for Skechers USA Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Skechers USA, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Skechers USA was filed on December 10, 2024 so you should expect the next rating to be made available sometime around December 10, 2025.
While ratings are subjective and will change, the latest Skechers USA (SKX) rating was a with a price target of $0.00 to $65.00. The current price Skechers USA (SKX) is trading at is $67.70, which is out of the analyst’s predicted range.
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