Analyst Ratings For Steven Madden
Portfolio Pulse from Benzinga Insights
Analyst ratings for Steven Madden (NASDAQ:SHOO) over the last three months show a unanimous indifferent stance with seven neutral ratings. The 12-month price targets suggest an upward trend, with the current average target at $42.00, marking a 4.14% increase from the previous $40.33. Analysts from Telsey Advisory Group, Citigroup, Williams Trading, Piper Sandler, and Wedbush have provided insights, with actions ranging from maintaining to raising their price targets. Steven Madden's financial performance is strong, with a revenue growth of 10.43%, a net margin of 6.9%, and an ROE of 4.31%, indicating effective cost management and asset utilization.
April 26, 2024 | 7:00 pm
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POSITIVE IMPACT
Steven Madden's unanimous neutral ratings from analysts, combined with an upward revision in price targets, indicate a stable yet optimistic outlook. The company's strong financial performance, highlighted by significant revenue growth and profitability, supports a positive short-term impact on its stock price.
The unanimous neutral stance with upward price target revisions suggests analysts see potential in Steven Madden despite not being overly bullish. The company's strong financial performance, particularly in revenue growth and profitability metrics, further bolsters confidence in its stock's short-term prospects. This combination of analyst sentiment and financial health typically leads to positive investor perception and could drive stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100