Wedbush Maintains Outperform on Deckers Outdoor, Raises Price Target to $825
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 $705 to $825, indicating a positive outlook on the company's stock.
January 25, 2024 | 7:03 pm
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Wedbush analyst Tom Nikic has reaffirmed an Outperform rating on Deckers Outdoor and raised the price target to $825, suggesting a strong growth potential for the stock.
The increase in price target by a reputable analyst typically signals confidence in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market reacts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100