Demystifying Skechers USA: Insights From 8 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Over the last three months, Skechers USA (NYSE:SKX) has been reviewed by 8 analysts, showing a shift towards more bullish sentiments. The average 12-month price target has been raised to $70.75, indicating a 6.5% increase from the previous target. Analyst actions vary, with some raising and others lowering their price targets, reflecting ongoing adjustments to market conditions and company performance. Skechers has shown notable revenue growth and profitability, outperforming industry averages in net margin and ROE, but lagging in ROA.

March 06, 2024 | 8:00 pm
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POSITIVE IMPACT
Skechers USA has received mixed analyst ratings but shows a general bullish trend with an increased average price target of $70.75. The company's strong revenue growth and profitability metrics suggest a positive outlook.
The increase in the average price target to $70.75, along with positive revenue growth and profitability indicators, suggests a bullish outlook for Skechers. The mixed analyst actions reflect ongoing market adjustments, but the overall trend and company performance metrics support a positive short-term impact on SKX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100