Wedbush Maintains Outperform Rating for Deckers Outdoor: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wedbush has reaffirmed its Outperform rating on Deckers Outdoor (NYSE:DECK) and increased its price target from $650.00 to $705.00. Despite a slight 0.3% decline in DECK's share price over the last 24 hours to $662.00, the new price target suggests a potential upside of 6.5%. Deckers Outdoor is known for its footwear, apparel, and accessories, with brands like UGG, Teva, and Sanuk, and operates a mix of wholesale and direct-to-consumer sales channels.
December 01, 2023 | 5:00 pm
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Wedbush maintains an Outperform rating on Deckers Outdoor and raises the price target to $705, indicating a 6.5% potential increase from the current price.
The reaffirmation of the Outperform rating and the raised price target by Wedbush are strong positive signals for Deckers Outdoor. The new price target represents a significant potential upside from the current trading price, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100