Analysts provided the following ratings for Skechers USA SKX in the last trimester:

According to 4 analysts offering 12-month price targets over the past 3 months, Skechers USA has an average price target of $49.0 with a high of $59.00 and a low of $42.00.

Below is a summary of how these 4 analysts have rated Skechers USA over the past 3 months. The higher the number of bullish ratings, the more analysts are positive on the security and the higher the number of bearish ratings, the more analysts are negative on the security

This current average is down 15.52% from the previous average price target of $58.00.

Ratings come from analysts or specialists in banking and financial systems who report for specific stocks or defined sectors (usually once a quarter for each stock). Analysts typically draw their information from company conference calls and meetings, financial statements, and conversations with important insiders to make their decisions.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that this expert advice is human-sourced and may be subject to error.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.