Caleres, Inc. (CAL) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 13 analysts115.0% Below Target
CAL trades 115.0% below Wall Street's consensus target of $28.25.
Current Price$13.14
Average Target$28.25
Target
Current
Low$18.00
Median$30.00
High$35.00
Analyst Target Range
Forward P/E24.8x
(Fair)
PEG Ratio—
Implied Growth—
Analyst Spread60.2%
(Wide Disagreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes CAL achieves its forward estimates and maintains a stable P/E multiple of 24.8x. This scenario reflects the blended consensus of 13 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
CAL Price Target Analysis
Updated June 22, 2026As of June 22, 2026, Caleres, Inc. (CAL) has a Wall Street consensus price target of $28.25, based on estimates from 13 covering analysts. With the stock currently trading at $13.14, this represents a potential upside of +115.0%. The company has a market capitalization of $443M.
Analyst price targets range from a low of $18.00 to a high of $35.00, representing a 60% spread in expectations. The median target of $30.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 7 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, CAL trades at a trailing P/E of -59.7x and forward P/E of 24.8x.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $33.36, with bear and bull scenarios of $21.02 and $43.95 respectively. Model confidence stands at 38/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Cyclical stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+18.1%
Industry Consensus
Avg Forward P/E
21.5x
(Fair)
Peers with Coverage
9 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SCVLShoe Carnival, Inc. | $437M | $15.91 | $22.00 | +38.3% | Hold | 8.4x | 14 |
 BOOTBoot Barn Holdings, Inc. | $5.3B | $174.22 | $223.83 | +28.5% | Buy | 23.8x | 29 |
 WEYSWeyco Group, Inc. | $356M | $37.30 | — | — | Hold | 14.2x | 2 |
 NKENIKE, Inc. | $53.8B | $45.20 | $64.13 | +41.9% | Buy | 30.3x | 71 |
 DECKDeckers Outdoor Corporation | $15.2B | $109.11 | $118.73 | +8.8% | Hold | 15.8x | 56 |
 CROXCrocs, Inc. | $6.3B | $125.05 | $119.00 | -4.8% | Buy | 9.2x | 37 |
 WWWWolverine World Wide, Inc. | $1.4B | $17.60 | $21.25 | +20.7% | Hold | 13.2x | 38 |
 SHOOSteven Madden, Ltd. | $3.2B | $44.19 | $42.50 | -3.8% | Buy | 20.8x | 31 |
 UAAUnder Armour, Inc. | $2.6B | $6.06 | $6.50 | +7.3% | Hold | 51.7x | 74 |
 AMZNAmazon.com, Inc. | $2.6T | $244.39 | $307.77 | +25.9% | Buy | 27.8x | 94 |
CAL — Frequently Asked Questions
Quick answers to the most common questions about buying CAL stock.
What is the CAL stock price target for 2026?
The consensus Wall Street price target for CAL is $28.25, representing 115.0% upside from the current price of $13.14. With 13 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is CAL a buy, sell, or hold?
CAL has a consensus rating of "Buy" based on 13 Wall Street analysts. The rating breakdown is predominantly bullish, with 7 Buy/Strong Buy ratings. The consensus 12-month price target of $28.25 implies 115.0% upside from current levels.
Is CAL stock overvalued or undervalued?
CAL trades at a forward P/E of 24.844x, representing a moderate valuation. With analysts targeting $28.25 (115.0% implied move), the stock appears reasonably valued with upside.
How high can CAL stock go?
The most bullish Wall Street analyst has a price target of $35 for CAL, while the most conservative target is $18. The consensus of $28.25 represents the median expectation. Our quantitative valuation model projects a bull case target of $44 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover CAL stock?
CAL is moderately covered, with 13 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 7 have Buy ratings, 5 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the CAL stock forecast?
The 12-month CAL stock forecast based on 13 Wall Street analysts shows a consensus price target of $28.25, with estimates ranging from $18 (bear case) to $35 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $33, with bear/bull scenarios of $21/$44.
What is CAL's fair value based on fundamentals?
Our quantitative valuation model calculates CAL's fair value at $33 (base case), with a bear case of $21 and bull case of $44. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 38/100.
What is CAL's forward P/E ratio?
CAL trades at a forward P/E ratio of 24.8x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy CAL stock?
Wall Street analysts are very optimistic on CAL, with a "Buy" consensus rating and $28.25 price target (115.0% upside). 7 of 13 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do CAL price targets vary so much?
CAL analyst price targets range from $18 to $35, a 60% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $28.25 consensus represents the middle ground. Our model's $21-$44 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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