--- title: "BUZZ-Steven Madden gains after Needham upgrades to 'buy'" type: "News" locale: "en" url: "https://longbridge.com/en/news/271940578.md" description: "Shares of Steven Maddenrose 2.6% to $45.17 in premarket trading after Needham upgraded the stock to 'buy' from 'hold' and raised the price target to $50, indicating a potential upside of approximately 14%. The brokerage noted that changing fashion trends, with a shift away from athleisure to more formal attire, will enhance the company's performance in 2026. Additionally, the acquisition of Kurt Geiger is expected to contribute positively. Currently, 6 out of 9 brokerages rate the stock as 'buy' or higher, with a median price target of $45." datetime: "2026-01-08T13:31:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271940578.md) - [en](https://longbridge.com/en/news/271940578.md) - [zh-HK](https://longbridge.com/zh-HK/news/271940578.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/271940578.md) | [繁體中文](https://longbridge.com/zh-HK/news/271940578.md) # BUZZ-Steven Madden gains after Needham upgrades to 'buy' Shares of shoe and handbag maker Steven Madden (SHOO.O) up 2.6% at $45.17 premarket Needham upgrades stock to “buy” from “hold”, raises PT to $50 New PT represents ~14% upside to stock’s last close Brokerage says changing fashion trends, with consumers moving away from athleisure and renewed interest in “dress up”, “clothes to wear to work” themes, will lift co’s performance in 2026 Adds SHOO will also benefit from accretion driven by recently acquired Kurt Geiger business 6 of 9 brokerages rate stock “buy” or higher, 3 “hold”; median PT is $45 - data compiled by LSEG Stock fell ~2% in 2025 ### Related Stocks - [Steven Madden, Ltd. (SHOO.US)](https://longbridge.com/en/quote/SHOO.US.md) ## Related News & Research - [Steven Madden Faces Heightened Risks if Kurt Geiger Integration Falters](https://longbridge.com/en/news/277593531.md) - [Steven Madden Q4 revenue slight misses estimates; EPS beats](https://longbridge.com/en/news/276883696.md) - [Steven Madden Slides On Tariff Uncertainty Despite EPS Beat](https://longbridge.com/en/news/276927771.md) - [Steven Madden (NASDAQ:SHOO) Posts Earnings Results](https://longbridge.com/en/news/276919656.md) - [BUZZ-Ross Stores rise after upbeat sales forecast on discounted apparel demand](https://longbridge.com/en/news/277765340.md)