Analyst Tom Nikic of Needham reiterated a Buy rating on Deckers Outdoor (DECK – Research Report), with a price target of $150.00.
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Tom Nikic’s rating is based on several key considerations. Despite a conservative outlook from Deckers Outdoor’s management, which is known for its cautious guidance, Nikic remains optimistic about the company’s long-term prospects. He anticipates that the company will surpass its Q4 guidance, albeit not as significantly as in the previous year.
However, Nikic expects the guidance for FY26 to fall short of market expectations due to factors such as slowing growth in the Hoka brand, adjustments in markdown levels, and tariff impacts. Although he has adjusted his EPS forecasts for FY26 and FY27 downward, his overall bullish stance on the stock remains, leading to a Buy rating.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $175.00 price target.