Shares of Skechers USA Inc SKX lost more than 17.2 percent of their value last Friday, after the company reported a top and bottom line miss last Thursday. The Vetr crowd seems to believe this has unlocked some room for upside, as evidenced by its average price target of $24.15, which implies a potential return of roughly 25.5 percent from current valuations.
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Seeking to better reflect the aforementioned upside potential, the Vetr community upgraded its rating on shares of Skechers on Monday, from 4.0 Stars (Buy) to 5.0 Stars (Strong Buy) – out of a possible 5 Stars rating.
It should be noted that, in accordance with the current score and price target, 100 percent of the crowd’s ratings are bullish right now.
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