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

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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.