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Skechers USA Inc has a consensus price target of $70.06 based on the ratings of 19 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 Deutsche Bank, Barclays, and B of A Securities on October 25, 2024, respectively. With an average price target of $81.33 between Deutsche Bank, Barclays, and B of A Securities, there's an implied 33.99% 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 Deutsche Bank on October 25, 2024. The analyst firm set a price target for $84.00 expecting SKX to rise to within 12 months (a possible 38.39% upside). 33 analyst firms have reported ratings in the last year.
The latest analyst rating for Skechers USA (NYSE:SKX) was provided by Deutsche Bank, and Skechers USA maintained their buy 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 October 25, 2024 so you should expect the next rating to be made available sometime around October 25, 2025.
While ratings are subjective and will change, the latest Skechers USA (SKX) rating was a maintained with a price target of $83.00 to $84.00. The current price Skechers USA (SKX) is trading at is $60.70, which is out of the analyst’s predicted range.
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