Needham & Company Reiterates 'Buy' Rating for Steven Madden

Analysts maintain price target of $50 on the footwear and accessories company's stock.

Published on Feb. 7, 2026

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Needham & Company LLC has reissued its 'buy' rating on shares of Steven Madden (NASDAQ:SHOO), with a price target of $50. Several other equity analysts have also recently issued reports on the textile maker, with the majority recommending 'buy' or 'hold' ratings and an average price target of $43.63.

Why it matters

This positive analyst sentiment reflects confidence in Steven Madden's ability to navigate the evolving retail landscape and maintain its position as a leading designer and marketer of fashion footwear, handbags and accessories. As the company continues to expand its product portfolio and distribution channels, strong analyst backing could help boost investor confidence and drive further stock price appreciation.

The details

In its report, Needham & Company cited Steven Madden's diverse brand offerings and multi-channel distribution strategy as key factors supporting the 'buy' rating. Other analysts have also praised the company's ability to adapt to changing consumer preferences, with Zacks Research upgrading the stock to 'strong-buy' and Piper Sandler raising its price target to $50.

  • The analyst report from Needham & Company was released on Wednesday morning.

The players

Needham & Company LLC

An investment banking and asset management firm that provides research coverage and financial advisory services to public and private companies.

Steven Madden, Ltd.

A New York-based designer and marketer of fashion footwear, handbags and accessories, known for its Steve Madden, Madden Girl and Dolce Vita brands.

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The takeaway

The reiteration of a 'buy' rating and $50 price target by Needham & Company underscores Wall Street's confidence in Steven Madden's ability to navigate the evolving retail landscape and continue growing its diverse portfolio of fashion brands. This positive analyst sentiment could help drive further stock price appreciation as the company executes on its strategic initiatives.