Deckers Outdoor price target lowered to $115 from $137 at Raymond James

Raymond James analyst Rick Patel lowered the firm’s price target on Deckers Outdoor (DECK) to $115 from $137 and keeps a Strong Buy rating on the shares. The firm notes the company reported a Q2 beat across EPS, revenue, and margins but initiated FY26 guide implying deceleration. The stock is lower after-market, but Raymond sees several positives, including underlying demand for HOKA remains strong; HOKA’s U.S. direct-to-consumer improved quarter-over-quarter in Q2; stronger UGG wholesale sell-in is a sign of strength; and strong International growth shows Deckers is successfully exporting its U.S. playbook abroad.

Elevate Your Investing Strategy:

Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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:

Disclaimer & DisclosureReport an Issue

Deckers Outdoor price target lowered to $125 from $150 at Baird Deckers Outdoor price target lowered to $113 from $128 at Needham Buy Recommendation for Deckers Outdoor: Strong Q2 Performance and Growth Potential Amid Conservative Guidance Cautious Hold Rating for Deckers Outdoor Amid Competitive Pressures and Mixed Brand Performance Deckers Outdoor price target lowered to $120 from $150 at Citi

View comments