Forward Industries, Inc. is a company that designs and distributes custom carry and protective solutions. These products are used in various industries, including medical, technology, and consumer electronics. Despite its niche market, FORD is currently trading at $4.88, with a target price of $5.26, suggesting a growth potential of approximately 7.73%. This indicates a modest upside for investors considering this stock.
In comparison, Deckers Outdoor Corporation and Skechers U.S.A., Inc. are larger players in the footwear and apparel industry. DECK, with a current stock price of $108.48, has a target price indicating a potential increase of 37.10%. This makes DECK the peer with the highest growth potential, offering a more attractive opportunity for investors seeking significant returns.
Skechers U.S.A., Inc., another competitor, is trading at $50.20. However, its target price suggests a decrease of 12.64%, indicating a potential downside. This positions SKX as a less favorable option compared to FORD and DECK, especially for investors focused on growth potential.
While Forward Industries offers some growth potential, investors might find more significant opportunities with Deckers Outdoor Corporation, given its higher target price change. DECK's substantial growth potential makes it an appealing choice for those looking to maximize their investment returns in the footwear and apparel sector.
