Skechers U.S.A., Inc. (SKX)
NYSE: SKX · IEX Real-Time Price · USD
68.47
+0.05 (0.07%)
May 20, 2024, 11:05 AM EDT - Market open
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 66.91, with a low estimate of 49 and a high estimate of 76. The average target predicts a decrease of -2.28% from the current stock price of 68.47.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SKX stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 3 | 3 | 4 | 4 | 3 |
| Buy | 4 | 4 | 5 | 5 | 6 | 6 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 9 | 11 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy Reiterates $76 | Buy | Reiterates | $76 | +11.00% | May 17, 2024 |
| Wedbush | Wedbush | Buy Maintains $68 → $76 | Buy | Maintains | $68 → $76 | +11.00% | Apr 26, 2024 |
| Wedbush | Wedbush | Buy Reiterates $68 | Buy | Reiterates | $68 | -0.69% | Apr 19, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $73 → $68 | Buy | Maintains | $73 → $68 | -0.69% | Apr 17, 2024 |
| Barclays | Barclays | Buy Initiates $71 | Buy | Initiates | $71 | +3.70% | Apr 1, 2024 |
Financial Forecast
Revenue This Year
8.88B
from 8.00B
Increased by 10.93%
Revenue Next Year
9.78B
from 8.88B
Increased by 10.19%
EPS This Year
3.94
from 3.49
Increased by 13.03%
EPS Next Year
4.66
from 3.94
Increased by 18.22%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.3B | 10.4B | 11.7B | 11.9B | 12.9B |
| Avg | 8.9B | 9.8B | 10.8B | 11.5B | 12.4B |
| Low | 8.5B | 9.3B | 10.2B | 11.1B | 12.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.0% | 17.1% | 19.3% | 10.9% | 12.0% |
| Avg | 10.9% | 10.2% | 10.1% | 6.7% | 7.7% |
| Low | 6.6% | 4.3% | 3.8% | 3.5% | 4.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.44 | 6.27 | 8.31 | 6.70 | 7.67 |
| Avg | 3.94 | 4.66 | 5.90 | 6.44 | 7.37 |
| Low | 3.68 | 3.77 | 4.27 | 6.25 | 7.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.3% | 58.9% | 78.1% | 13.6% | 19.0% |
| Avg | 13.0% | 18.2% | 26.5% | 9.2% | 14.4% |
| Low | 5.3% | -4.4% | -8.4% | 6.0% | 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.