UBS analyst Jay Sole has revised the price target for Skechers (SKX, Financial), bringing it down slightly from $65 to $64. Despite this adjustment, the firm maintains a Buy rating for the company's stock.
In a preview of the first quarter, the analyst expressed a perception of a balanced risk-reward scenario for Skechers. The company continues to present both potential for upside and downside in its market performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Skechers USA Inc (SKX, Financial) is $73.40 with a high estimate of $94.00 and a low estimate of $50.00. The average target implies an upside of 48.38% from the current price of $49.47. More detailed estimate data can be found on the Skechers USA Inc (SKX) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Skechers USA Inc's (SKX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Skechers USA Inc (SKX, Financial) in one year is $70.24, suggesting a upside of 41.99% from the current price of $49.47. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Skechers USA Inc (SKX) Summary page.
