FMP
Jun 7, 2024 4:51 PM - Davit Kirakosyan
UBS analysts reaffirmed their Buy rating on Skechers USA (NYSE:SKX), maintaining a price target of $88 on the stock. The analysts highlighted the potential for Skechers to exceed earnings expectations over the next twelve months, which could drive the stock higher. They believe Skechers is on track to reach $10 billion in revenue by 2026, solidifying its position as the world's third-largest footwear company. According to the analysts, the market currently undervalues the strength of the Skechers brand and its growth potential.
A recent meeting with Skechers management strengthened the analysts' confidence in their outlook. They project that Skechers will achieve an approximate 15% compound annual growth rate (CAGR) in EPS over the next five years. This level of growth could result in multiple positive earnings surprises in the near term, potentially pushing the stock toward the $88 price target.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...