Breaking Down Skechers USA: 9 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Nine analysts have recently updated their ratings on Skechers USA (NYSE:SKX), showing a mix of bullish and bearish sentiments. The average 12-month price target for SKX is now $69.44, up from $69.00, with targets ranging from $66.00 to $74.00. Analyst actions include both upgrades and downgrades, reflecting varying perspectives on the company's performance and market position. Skechers USA's financial health appears strong, with notable revenue growth, high net margin, and exceptional ROE and ROA, indicating effective cost control and asset utilization.
April 17, 2024 | 5:00 pm
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Skechers USA has received mixed analyst ratings, with an updated average price target of $69.44. The company's strong financial indicators, including revenue growth and high net margin, suggest a positive outlook.
The mixed analyst ratings reflect a diverse view on Skechers USA's future performance, but the upward revision of the average price target and strong financial health indicators such as revenue growth, net margin, ROE, and ROA suggest a positive short-term impact on SKX's stock price. The company's effective cost control, asset utilization, and lower reliance on debt financing further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100