UBS raised the firm’s price target on Deckers Outdoor (DECK) to $232 from $226 and keeps a Buy rating on the shares. The firm believes Hoka’s momentum with consumers will continue, leading to strong FY25 sales growth and stock-driving earnings beats, the analyst tells investors in a research note. UBS expects Hoka to deliver a 21% 5-year sales compound annual growth rate, which is the main driver of its 15.5% 5-year EPS CAGR forecast for Deckers, and expects sentiment to stay bullish around the stock as the company shows it can maintain a high EPS growth rate.
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Read More on DECK:
- Deckers Outdoor price target raised to $195 from $185 at Evercore ISI
- Deckers Outdoor price target raised to $185 from $178 at TD Cowen
- Deckers Outdoor price target raised to $182 from $170 at BofA
- Deckers Outdoor price target raised to $195 from $180 at Baird
- Deckers Outdoor price target raised to $190 from $180 at Barclays
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