Skechers Stock Plummets 33.7% in Trading Volume, Slips to 427th in Market Rankings

On April 10, 2025, Skechers (SKX) experienced a significant decline, with its trading volume dropping by 33.7% to $283 million, placing it at the 427th position in the day's stock market rankings. The stock price fell by 2.43%.

Several analysts have recently adjusted their price targets for Skechers. Stifel reduced its target price from $80 to $62, while maintaining a Buy rating. Raymond James analyst Rick Patel lowered the target price from $75 to $60, keeping an Outperform rating. Additionally, Barclays decreased its target price from $80 to $77, with an Overweight rating.

These adjustments reflect a broader trend of lowered price targets across the board, with the average price target for Skechers decreasing by 4.26% from the previous average of $80.43. The changes in price targets are likely influenced by various factors, including market conditions and company performance.