Home Most Popular The Rise and Resolve of Steven Madden Ltd. Analyst Price Evaluation

The Rise and Resolve of Steven Madden Ltd. Analyst Price Evaluation

The Rise and Resolve of Steven Madden Ltd. Analyst Price Evaluation

Steven Madden Ltd. (Symbol: SHOO) shares have triumphantly surpassed the target price set by analysts, soaring to $42.21/share from the projected $42.12. When a stock achieves its set target, analysts face a turning point: either downgrade their valuation or push their target even higher. Their analysis hinges on the dynamic business landscape that propels stock prices, where positive developments may trigger a price hike.

Within the Zacks coverage universe, Steven Madden Ltd. is subject to scrutiny by 8 distinct analysts, contributing to the average target. Yet, this figure is merely an arithmetic mean. Some analysts predict lower figures, with one eyeing a price of $35.00. On the opposite end, a lone analyst sets an ambitious target of $50.00. The deviation stands at $4.673.

The essence of scrutinizing the mean SHOO target price is to tap into the collective “wisdom of crowds,” pooling the insights of multiple minds rather than relying on a sole expert’s opinion. With SHOO surpassing the average target of $42.12/share, investors receive a strong signal to reevaluate the company. They must ponder if $42.12 is merely a stepping stone towards a loftier target or if the valuation has become overstretched, necessitating a reevaluation. Below lies a table displaying the current viewpoints of analysts covering Steven Madden Ltd.:

Recent SHOO Analyst Ratings Breakdown
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 2 3
Buy ratings: 0 0 0 0
Hold ratings: 7 6 5 4
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 2.75 2.71 2.43 2.14

The final row’s average rating, ranging from 1 to 5, depicts a Strong Buy at 1 and a Strong Sell at 5. This data derives from Zacks Investment Research via Quandl.com. Find the latest Zacks research report on SHOO for FREE.

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The views and opinions expressed are of the author and not necessarily reflective of Nasdaq, Inc.