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Skechers USA

SKXNYSE
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$64.72
1.011.59%
At Close: -
$64.65
-0.07-0.11%
After Hours: 7:50 PM EDT
15 minutes delayed
Q2 2024 Earnings were released on Thu Jul 25th, after the market close
The most recent conference call was at 16:30 PM, 2 days ago Click to view past webcast
Consensus Rating1
Buy
Highest Price Target1
$87.00
Lowest Price Target1
$48.00
Consensus Price Target1
$70.17

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Skechers USA (NYSE:SKX) Stock, Analyst Ratings, Price Targets, Forecasts

Skechers USA Inc has a consensus price target of $70.17 based on the ratings of 19 analysts. The high is $87 issued by B of A Securities on June 7, 2024. The low is $48 issued by Raymond James on December 1, 2022. The 3 most-recent analyst ratings were released by TD Cowen, Evercore ISI Group, and Barclays on July 26, 2024, respectively. With an average price target of $76.33 between TD Cowen, Evercore ISI Group, and Barclays, there's an implied 18.07% upside for Skechers USA Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Mar
4
Apr
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May
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Jun
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Jul
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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4.4
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

TD Cowen
Evercore ISI Group
Barclays
Wedbush
Stifel

1calculated from analyst ratings

Analyst Ratings for Skechers USA

Buy NowGet Alert
07/26/2024Buy Now20.65%TD Cowen
John Kernan
$76 → $78MaintainsBuyGet Alert
07/26/2024Buy Now11.37%Evercore ISI Group
JESALYN Wong
$68 → $72MaintainsOutperformGet Alert
07/26/2024Buy Now22.2%Barclays
Adrienne Yih
$78 → $79MaintainsOverweightGet Alert
07/26/2024Buy Now22.2%Wedbush
Tom Nikic
$76 → $79MaintainsOutperformGet Alert
07/26/2024Buy Now28.38%Stifel
Jim Duffy
$81 → $83MaintainsBuyGet Alert
07/25/2024Buy Now17.56%TD Cowen
John Kernan
$79 → $76MaintainsBuyGet Alert
07/23/2024Buy Now23.74%Morgan Stanley
Alex Straton
$60 → $80UpgradeEqual-Weight → OverweightGet Alert
07/22/2024Buy Now22.2%TD Cowen
John Kernan
$77 → $79MaintainsBuyGet Alert
06/13/2024Buy Now26.84%Deutsche Bank
Krisztina Katai
→ $82Reinstates → BuyGet Alert
06/12/2024Buy Now28.38%Wells Fargo
Andrew Bauch
→ $83Initiates → OverweightGet Alert
06/07/2024Buy Now34.57%B of A Securities
Christopher Nardone
$71 → $87UpgradeNeutral → BuyGet Alert
05/28/2024Buy Now25.29%Stifel
Jim Duffy
$74 → $81MaintainsBuyGet Alert
05/17/2024Buy Now17.56%Wedbush
Tom Nikic
→ $76ReiteratesOutperform → OutperformGet Alert
04/26/2024Buy Now17.56%Wedbush
Tom Nikic
$68 → $76MaintainsOutperformGet Alert
04/19/2024Buy Now5.18%Wedbush
Tom Nikic
→ $68ReiteratesOutperform → OutperformGet Alert
04/17/2024Buy Now5.18%Evercore ISI Group
JESALYN Wong
$73 → $68MaintainsOutperformGet Alert
04/01/2024Buy Now9.82%Barclays
Adrienne Yih
→ $71Initiates → OverweightGet Alert
03/08/2024Buy Now3.63%B of A Securities
Christopher Nardone
→ $67Initiates → NeutralGet Alert
03/06/2024Buy Now14.46%TD Cowen
John Kernan
$70 → $74MaintainsBuyGet Alert
02/15/2024Buy Now12.92%Evercore ISI Group
JESALYN Wong
→ $73Initiates → OutperformGet Alert
02/05/2024Buy Now2.09%Raymond James
Rick Patel
$68 → $66MaintainsOutperformGet Alert
02/02/2024Buy Now8.28%Stifel
Jim Duffy
$72 → $70MaintainsBuyGet Alert
02/02/2024Buy Now5.18%Wedbush
Seth Basham
$75 → $68MaintainsOutperformGet Alert
01/30/2024Buy Now5.18%Raymond James
Rick Patel
$56 → $68MaintainsOutperformGet Alert
01/17/2024Buy Now16.01%Wedbush
Tom Nikic
$62 → $75MaintainsOutperformGet Alert
12/14/2023Buy Now11.37%Stifel
Jim Duffy
$62 → $72MaintainsBuyGet Alert
11/29/2023Buy Now-4.1%Wedbush
Tom Nikic
$59 → $62MaintainsOutperformGet Alert
09/18/2023Buy Now-8.74%Piper Sandler
Abbie Zvejnieks
$54 → $59UpgradeNeutral → OverweightGet Alert
08/29/2023Buy Now-24.21%Morgan Stanley
Alex Straton
$48 → $49MaintainsEqual-WeightGet Alert
08/10/2023Buy Now-8.74%Wedbush
Tom Nikic
→ $59ReiteratesOutperform → OutperformGet Alert
07/28/2023Buy Now-16.47%Piper Sandler
Abbie Zvejnieks
$52 → $54MaintainsNeutralGet Alert
07/28/2023Buy Now-8.74%Wedbush
Tom Nikic
$58 → $59MaintainsOutperformGet Alert
07/28/2023Buy Now5.18%UBS
Jay Sole
$63 → $68MaintainsBuyGet Alert
07/28/2023Buy Now-8.74%Raymond James
Rick Patel
$58 → $59MaintainsOutperformGet Alert
04/28/2023Buy Now-10.29%Wedbush
Tom Nikic
$54 → $58MaintainsOutperformGet Alert
04/28/2023Buy Now-10.29%Raymond James
Rick Patel
$55 → $58MaintainsOutperformGet Alert
04/28/2023Buy Now-11.83%Deutsche Bank
Gabriella Carbone
$56 → $57MaintainsBuyGet Alert
04/28/2023Buy Now-25.75%Morgan Stanley
Alex Straton
$46 → $48MaintainsEqual-WeightGet Alert
03/29/2023Buy Now-7.19%UBS
Jay Sole
$69 → $60MaintainsBuyGet Alert
02/03/2023Buy Now-4.1%Cowen & Co.
John Kernan
$65 → $62MaintainsOutperformGet Alert
02/01/2023Buy Now-14.93%Raymond James
Rick Patel
$48 → $55MaintainsOutperformGet Alert
01/23/2023Buy Now-16.47%Deutsche Bank
Gabriella Carbone
$43 → $54MaintainsBuyGet Alert
01/23/2023Buy Now0.54%Cowen & Co.
John Kernan
$48 → $65UpgradeMarket Perform → OutperformGet Alert
01/18/2023Buy Now-28.85%Morgan Stanley
Alex Straton
$54 → $46DowngradeOverweight → Equal-WeightGet Alert
01/06/2023Buy Now-22.66%Argus Research
John Staszak
→ $50UpgradeHold → BuyGet Alert
12/29/2022Buy Now-35.03%Piper Sandler
Abbie Zvejnieks
→ $42Initiates → NeutralGet Alert
12/01/2022Buy Now-25.75%Raymond James
Rick Paterson
$40 → $48MaintainsOutperformGet Alert
11/01/2022Buy NowArgus Research
John Staszak
DowngradeBuy → HoldGet Alert
10/26/2022Buy Now-16.47%Morgan Stanley
Alex Straton
$59 → $54MaintainsOverweightGet Alert
10/24/2022Buy Now-22.66%Deutsche Bank
Gabriella Carbone
$51 → $50MaintainsBuyGet Alert
10/13/2022Buy Now-38.13%Raymond James
Rick Paterson
→ $40Initiates → OutperformGet Alert
07/27/2022Buy Now-8.74%Morgan Stanley
Alex Straton
$62 → $59MaintainsOverweightGet Alert
07/27/2022Buy Now-35.03%Wedbush
Tom Nikic
$48 → $42MaintainsOutperformGet Alert
07/25/2022Buy Now-21.11%Deutsche Bank
Gabriella Carbone
$64 → $51MaintainsBuyGet Alert
06/15/2022Buy Now-31.94%Argus Research
John Staszak
→ $44UpgradeHold → BuyGet Alert
04/27/2022Buy Now-4.1%Morgan Stanley
Kimberly Greenberger
$67 → $62MaintainsOverweightGet Alert
04/05/2022Buy NowOTR GlobalUpgradeMixed → PositiveGet Alert
01/13/2022Buy NowOTR GlobalDowngradePositive → MixedGet Alert
01/04/2022Buy Now-16.47%Wedbush
Tom Nikic
$47 → $54UpgradeNeutral → OutperformGet Alert
11/02/2021Buy NowArgus Research
John Staszak
DowngradeBuy → HoldGet Alert
10/05/2021Buy Now-33.49%Wedbush
Tom Nikic
Initiates → NeutralGet Alert

FAQ

Q

What is the target price for Skechers USA (SKX) stock?

A

The latest price target for Skechers USA (NYSE:SKX) was reported by TD Cowen on July 26, 2024. The analyst firm set a price target for $78.00 expecting SKX to rise to within 12 months (a possible 20.65% upside). 34 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Skechers USA (SKX)?

A

The latest analyst rating for Skechers USA (NYSE:SKX) was provided by TD Cowen, and Skechers USA maintained their buy rating.

Q

When was the last upgrade for Skechers USA (SKX)?

A

The last upgrade for Skechers USA Inc happened on July 23, 2024 when Morgan Stanley raised their price target to $80. Morgan Stanley previously had an equal-weight for Skechers USA Inc.

Q

When was the last downgrade for Skechers USA (SKX)?

A

The last downgrade for Skechers USA Inc happened on January 18, 2023 when Morgan Stanley changed their price target from $54 to $46 for Skechers USA Inc.

Q

When is the next analyst rating going to be posted or updated for Skechers USA (SKX)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Skechers USA, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Skechers USA was filed on July 26, 2024 so you should expect the next rating to be made available sometime around July 26, 2025.

Q

Is the Analyst Rating Skechers USA (SKX) correct?

A

While ratings are subjective and will change, the latest Skechers USA (SKX) rating was a maintained with a price target of $76.00 to $78.00. The current price Skechers USA (SKX) is trading at is $64.65, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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