On July 17, 2025, Citigroup made a noteworthy upgrade to its rating for Steven Madden (SHOO, Financial), moving the status from "Neutral" to "Buy". This change reflects a shift in the investment sentiment towards the fashion and footwear company, indicating potential growth and investor interest.
In addition to the upgraded rating, Citigroup raised the price target for Steven Madden (SHOO, Financial) from $26.00 to $32.00 USD. This represents a significant 23.08% increase in the price target, highlighting a positive outlook on the stock's performance and potential market value.
As Steven Madden (SHOO, Financial) is listed on NASDAQ, this update could influence market perceptions and trading activities. Investors and market analysts will be closely watching the stock's performance following this optimistic adjustment to its rating and price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Steven Madden Ltd (SHOO, Financial) is $27.63 with a high estimate of $38.00 and a low estimate of $23.00. The average target implies an upside of 12.39% from the current price of $24.58. More detailed estimate data can be found on the Steven Madden Ltd (SHOO) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Steven Madden Ltd's (SHOO, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Steven Madden Ltd (SHOO, Financial) in one year is $49.28, suggesting a upside of 100.49% from the current price of $24.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Steven Madden Ltd (SHOO) Summary page.
