Truist raised the firm’s price target on Deckers Outdoor to $983 from $859 and keeps a Buy rating on the shares. The company reported a “meaningful” Q3 earnings beat as UGG demand remains “white hot” and its HOKA’s brand robust trajectory continued, the analyst tells investors in a research note. Both brands are poised to maintain momentum due to the strength of their product pipelines and customers relationships, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DECK:
- Deckers Outdoor Announces CEO Transition and New Compensatory Plans
- DECKERS BRANDS REPORTS THIRD QUARTER FISCAL 2024 FINANCIAL RESULTS
- DECK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Deckers Outdoor price target raised to $859 from $790 at Truist
- Deckers Outdoor price target raised to $850 from $800 at Telsey Advisory