- Skechers (SKX, Financial) posted record sales despite a mixed Q1 report, causing a 7% drop in shares.
- Analysts suggest a significant upside, with an average price target of $68.14, a 34.95% potential gain.
- Experts maintain an 'Outperform' rating, highlighting Skechers' growth potential.
Skechers (SKX) recently experienced a 7% decline in stock price following its mixed first quarter report. While the company celebrated record-breaking sales of $2.41 billion, the decision to retract its 2025 guidance due to uncertain U.S. trade policies cast a shadow over these achievements. Impressively, earnings per share rose to $1.34, surpassing expectations by 17 cents, highlighting the company's operational strength in a challenging environment.
Wall Street Analysts Forecast
According to 15 analysts providing one-year price targets, Skechers USA Inc (SKX, Financial) is predicted to reach an average target price of $68.14. Their projections range from a high of $94.00 to a low of $50.00. This average suggests an enticing upside of 34.95% from the current trading price of $50.49. Investors seeking more granular predictions can visit the Skechers USA Inc (SKX) Forecast page.
Furthermore, insights from 18 brokerage firms peg Skechers USA Inc's (SKX, Financial) average brokerage recommendation at 2.0, indicating an "Outperform" status. This rating is part of a scale where 1 represents a Strong Buy and 5 signifies a Sell, demonstrating Wall Street's confidence in Skechers' future performance.
GuruFocus estimates also reflect optimism, with the projected GF Value for Skechers USA Inc (SKX, Financial) in the coming year set at $70.09. This figure suggests a compelling upside of 38.82% from the current stock price of $50.49. The GF Value is derived from historical trading multiples and anticipated business performance, serving as a benchmark for the stock’s fair trading value. For further analysis, consult the Skechers USA Inc (SKX) Summary page.
