UBS has revised its price target for Steven Madden (SHOO, Financial), decreasing it from $24 to $22. This adjustment comes as the firm maintains its Neutral rating on the footwear and accessories company's shares.
The financial institution's outlook reflects what it perceives as a balanced risk/reward scenario in anticipation of the company's upcoming first-quarter earnings announcement. UBS continues to evaluate the market conditions and company performance as key factors influencing its valuation and recommendations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Steven Madden Ltd (SHOO, Financial) is $34.78 with a high estimate of $46.00 and a low estimate of $24.00. The average target implies an upside of 69.56% from the current price of $20.51. More detailed estimate data can be found on the Steven Madden Ltd (SHOO) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Steven Madden Ltd's (SHOO, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" 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 Steven Madden Ltd (SHOO, Financial) in one year is $52.99, suggesting a upside of 158.36% from the current price of $20.51. 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 Steven Madden Ltd (SHOO) Summary page.
