BTIG Maintains Buy on Deckers Outdoor, Raises Price Target to $800
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Janine Stichter has reaffirmed a Buy rating on Deckers Outdoor (NYSE:DECK) and increased the price target from $650 to $800, indicating a positive outlook on the company's stock.
December 07, 2023 | 9:01 pm
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POSITIVE IMPACT
Deckers Outdoor's stock rating has been maintained as Buy by BTIG analyst Janine Stichter, with the price target raised significantly from $650 to $800.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future growth and performance. This can lead to increased investor confidence and a potential short-term rise in the stock price as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100