A Glimpse Into The Expert Outlook On Steven Madden Through 7 Analysts
Portfolio Pulse from Benzinga Insights
Seven analysts have recently shared their views on Steven Madden (NASDAQ:SHOO), all maintaining an indifferent stance with no changes in the past 30 days. The average 12-month price target for SHOO has been raised to $41.43 from $38.50, indicating a positive outlook. Steven Madden's financial performance shows a slight revenue decline but strong profitability metrics, including an impressive net margin and ROE.
February 29, 2024 | 6:02 pm
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Analysts maintain an indifferent stance on SHOO, but the average 12-month price target has increased to $41.43, reflecting a positive sentiment. Financial indicators show a slight revenue decline but strong profitability and financial health.
The unanimous indifferent stance from analysts combined with an increased average price target suggests a cautiously optimistic outlook for SHOO. Despite a minor revenue decline, the company's strong profitability metrics, such as net margin and ROE, likely contribute to the positive sentiment. The increase in the average price target reflects analysts' belief in the company's potential for growth and value creation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100