Skechers Stock Prediction: Why I’m Betting Big on SKX in 2025

Is SKX a Good Investment?

If you’re into growth stocks like I am, Skechers (SKX) has been quietly proving itself as a solid contender. They’ve been posting strong financials, and honestly, their comfort-focused and affordable footwear strategy feels like a sweet spot in the market.

In Q3 2024, they reported an EPS of $1.26, beating the $1.15 analysts expected. Their revenue hit $2.35 billion for the quarter, a 16% year-over-year increase. That’s impressive, and it’s not a one-off—they’ve been consistently delivering these kinds of numbers. Analysts seem to agree: about 83% of them recommend buying this stock.

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What is the Price Forecast for SKX Stock?

The price forecast looks pretty decent too. Right now, the average 12-month price target for SKX is $81.91, with a low estimate of $65.00 and a high of $93.00. Since the stock is trading around $75.94, that’s an 8% potential upside at the mid-range estimate. It’s not a moonshot, but it’s stable growth I can live with.

If you’re into forecasting other stocks, my analysis of MercadoLibre: The Best Growth Stock of 2025 might interest you.

Does SKX Pay Dividends?

Quick heads-up: Skechers doesn’t pay dividends. For me, that’s fine because I’m more focused on capital growth right now. The company tends to reinvest its profits into expanding the business, and based on their recent performance, it seems to be working. If you’re looking for dividend income, though, this might not be your pick.

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What Sets Skechers Apart?

Skechers isn’t trying to out-Nike Nike or out-Adidas Adidas. Instead, they’ve carved their niche by focusing on comfort and affordability. That’s a pretty smart move because they attract a wide range of customers—from retirees looking for practical shoes to families who don’t want to break the bank. Add in some solid endorsements from big names like Joel Embiid and Harry Kane, and you’ve got a recipe for brand visibility that resonates globally.

If you’re interested in exploring more niche stocks, my recent blog on IonQ: The Next Big Quantum Stock could offer valuable insights.

What Are the Risks?

Of course, no stock is risk-free, and Skechers is no exception. The footwear market is hyper-competitive, with big names like Nike and Adidas always innovating. That’s a tough environment to navigate. Then there’s inflation and changing consumer spending habits—if people tighten their belts, even affordable shoes might see slower sales.

Supply chain issues are another thing I’m keeping an eye on. While things are improving, any hiccup there could impact their costs or product availability.

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What is the Skechers Prediction?

Looking ahead, analysts expect Skechers’ EPS to hit $4.83 in 2025, with estimates ranging from $4.54 to $5.08. That’s a solid growth trajectory, and it gives me confidence that the company is moving in the right direction. Their revenue guidance for 2024 is already impressive at $8.925 billion to $8.975 billion.

For other promising tech-focused stocks, consider reading my post on CrowdStrike Stock Forecast 2025.

Why I’m Investing in Skechers

For me, Skechers checks a lot of boxes. They’ve got strong financials, an attractive valuation, and a clear strategy that works. The analyst sentiment is overwhelmingly positive, and their focus on comfort and affordability feels like a durable market position.

I’m starting a position in SKX and will be keeping an eye on a few things—like their upcoming earnings reports, how they’re holding up against competitors, and whether supply chain risks start creeping back in. But overall, I’m optimistic about this stock as a midterm growth play. If you’re okay with some risks in exchange for solid growth potential, Skechers might be worth a look.

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