Goldman Sachs raised the firm’s price target on Deckers Outdoor (DECK) to $92 from $81 and keeps a Sell rating on the shares. Deckers posted a strong fiscal Q3 beat and raised its full-year outlook, driven by accelerating HOKA growth and better-than-expected UGG performance, the analyst tells investors in a research note. Despite year-over-year gross margin pressure, results exceeded expectations due to lower tariff impacts, effective pricing, and reduced promotional activity, the firm says.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DECK:
- Deckers Outdoor price target raised to $95 from $85 at Piper Sandler
- Deckers Outdoor: Solid Brand Momentum but Rising Costs and Tariffs Justify Neutral (Hold) Rating
- Deckers Outdoor price target raised to $110 from $95 at Wells Fargo
- Deckers Outdoor price target raised to $143 from $113 at Barclays
- Deckers Outdoor upgraded to Outperform from Neutral at KGI Securities