Wedbush Maintains Outperform on Deckers Outdoor, Raises Price Target to $505
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic maintains an Outperform rating on Deckers Outdoor (NYSE:DECK) and raises the price target from $485 to $505.
May 26, 2023 | 1:19 pm
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POSITIVE IMPACT
Wedbush analyst Tom Nikic maintains an Outperform rating on Deckers Outdoor and raises the price target from $485 to $505.
The news of Wedbush maintaining an Outperform rating and raising the price target for Deckers Outdoor (DECK) is positive for the stock. This indicates that the analyst believes the company will outperform its peers and has a higher growth potential. The increased price target suggests that the analyst sees more upside potential for the stock, which could lead to an increase in demand and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100