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Skechers USA (SKX)
NYSE:SKX
Holding SKX?
Track your performance easily
See the Price Targets and Ratings of:
SKX Analyst Ratings
Strong Buy
9 Buy
1 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
SKX Stock 12 Month Forecast
Average Price Target
$80.44
▲(30.39% Upside)
| Highest Price Target$84.00 | Average Price Target$80.44 | Lowest Price Target$72.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Williams Trading
Reiterated
10/25/24
TD Cowen
Assigned
10/25/24
Stifel Nicolaus
Reiterated
10/25/24
Bank of America Securities
Assigned
10/25/24
Morgan Stanley
Reiterated
10/25/24
Evercore ISI
Reiterated
10/25/24
Barclays
Assigned
10/24/24
Deutsche Bank
Assigned
10/24/24
Wells Fargo
Reiterated
10/13/24
Raymond James
$66→$72
Buy
16.71%
Upside
Reiterated
04/26/24
Skechers price target raised to $72 from $66 at Raymond JamesSkechers price target raised to $72 from $66 at Raymond James
CFRA
$56→$64
Hold
3.74%
Upside
Reiterated
04/26/24
Skechers USA (SKX) PT Raised to $64 at CFRACFRA analyst Zachary Warring raised the price target on Skechers USA (NYSE: SKX) to $64.00 (from $56.00) while maintaining a Hold rating.
Piper Sandler
$69
Buy
11.85%
Upside
Reiterated
04/09/24
Piper Sandler reiterates Overweight Rating on Skechers USA (SKX)Piper Sandler analyst Abbie Zvejnieks reiterated an Overweight rating and $69.00 price target on Skechers USA (NYSE: SKX).
Argus Research
$56→$66
Buy
6.99%
Upside
Reiterated
02/02/24
Skechers USA (SKX) PT Raised to $66 at ArgusArgus analyst John Staszak raised the price target on Skechers USA (NYSE: SKX) to $66.00 (from $56.00) while maintaining a Buy rating.
―
Needham
―
Hold
―
Initiated
11/22/24
We believe that SKX is a great business, but it faces near-term headwinds both fundamentally and sentiment-wise. Specifically, China has become a problematic market industry-wide, North America retail is now comping negative, and gross margins have started to moderate from all-time highs. While these dynamics play themselves out over the next few quarters, we believe it may be difficult for SKX shares to "work". Over the long run, we believe SKX's combination of compelling innovation, comfort, and pricing will allow them to gain market share globally. But we believe that investors could find a better entry point down the road.
Best Analysts Covering Skechers USA
Which Analyst Should I Follow If I Want to Buy SKX and Sell After:
1 Month
xxx
Success Rate
18/32 ratings generated profit
Average Return
+0.74%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 56.25% of your transactions generating a profit, with an average return of +0.74% per trade.
3 Months
xxx
Success Rate
13/20 ratings generated profit
Average Return
+5.97%
assigned a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 65.00% of your transactions generating a profit, with an average return of +5.97% per trade.
1 Year
2 Years
xxx
Success Rate
26/32 ratings generated profit
Average Return
+22.84%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 81.25% of your transactions generating a profit, with an average return of +22.84% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
SKX Analyst Recommendation Trends
Rating
Jun 24
Jul 24
Sep 24
Oct 24
Nov 24
Strong Buy
0
0
0
0
0
Buy
17
21
23
29
14
Hold
4
1
1
0
1
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
21
22
24
29
15
Each month's total comprises the sum of three months' worth of ratings.
SKX Financial Forecast
SKX Stock Forecast FAQ
What is SKX’s average 12-month price target, according to analysts?
Based on analyst ratings, Skechers USA’s 12-month average price target is $80.44.
What is SKX’s upside potential, based on the analysts’ average price target?
Skechers USA has 30.39% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is SKX a Buy, Sell or Hold?
Skechers USA has a consensus rating of Strong Buy which is based on 9 buy ratings, 1 hold ratings and 0 sell ratings.
What is Skechers USA’s price target?
The average price target for Skechers USA is $80.44. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $84.00 ,the lowest forecast is $72.00. The average price target represents 30.39% Increase from the current price of $61.69.
The highest analyst price target is $84.00 ,the lowest forecast is $72.00. The average price target represents 30.39% Increase from the current price of $61.69.
What do analysts say about Skechers USA?
Skechers USA’s analyst rating consensus is a Strong Buy. This is based on the ratings of 10 Wall Streets Analysts.
How can I buy shares of SKX?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.