Deckers Outdoor price target raised to $1,225 from $1,200 at Truist

Truist raised the firm’s price target on Deckers Outdoor to $1,225 from $1,200 and keeps a Buy rating on the shares after its Q1 earnings beat and guidance raise. The “robust” UGG and HOKA sales are helping the company clear a “high bar”, with the company’s brand momentum outweighing the “choppy macro”, the analyst tells investors in a research note. With products that continue to resonate very well and the management’s thoughtful approach to market segmentation, Truist sees meaningful long-term growth opportunities ahead for Deckers.