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Investing.com - UBS has reiterated its Neutral rating and $63.00 price target on Skechers USA (NYSE:SKX), currently trading at $62.82, citing the footwear company’s pending acquisition as the primary reason for the rating. The company maintains strong financial health with a GOOD rating according to InvestingPro metrics.
The investment bank believes Skechers is among the world’s largest footwear brands with growth potential that remains underappreciated by the market, evidenced by its impressive 12.11% revenue growth and attractive P/E ratio of 14.2. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. UBS noted that underlying demand for Skechers products continues to be robust, with the brand name currently at peak strength.
UBS also highlighted Skechers’ ability to successfully mitigate the impact of tariffs over time, demonstrating the company’s operational resilience. The firm pointed to Skechers’ solid second-quarter report as reinforcement of this positive outlook, supported by a healthy current ratio of 2.09 and moderate debt levels. Discover more insights with InvestingPro’s comprehensive research report, featuring detailed analysis of Skechers’ financial health and growth prospects.
The main factor behind UBS maintaining its Neutral rating is the pending acquisition that would take Skechers private, which the bank expects to close in the third quarter of 2025.
The investment bank’s maintained price target of $63.00 reflects its assessment of Skechers’ current valuation in light of the expected acquisition timeline.
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