Telsey Advisory raised the firm’s price target on Deckers Outdoor to $850 from $800 and keeps an Outperform rating on the shares ahead of the company’s fiscal Q3 report due on Thursday, February 1. The firm raised estimates ahead of the company’s earnings release as it believes HOKA and UGG were likely beneficiaries of consumers’ “selective spend” this holiday season, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DECK:
- Deckers Outdoor price target raised to $730 from $650 at Piper Sandler
- Deckers Outdoor price target raised to $865 from $745 at UBS
- Nike price target lowered to $107 from $108 at Truist
- Deckers Outdoor price target raised to $625 from $540 at Wells Fargo
- The sports and lifestyle brand stocks to own in 2024, according to Stifel
