Wedbush Maintains Outperform on Deckers Outdoor, Raises Price Target to $705
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic has maintained an Outperform rating on Deckers Outdoor (NYSE:DECK) and increased the price target from $650 to $705.
December 01, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wedbush analyst Tom Nikic maintains an Outperform rating on Deckers Outdoor and raises the price target from $650 to $705, indicating a positive outlook on the stock.
The increase in price target by Wedbush suggests a strong conviction in the future performance of Deckers Outdoor. This positive analyst action can often lead to a short-term increase in the stock price as it may influence investor sentiment and indicate potential undervaluation at previous price levels.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100