Deckers Outdoor's Hoka, UGG Brands Have 'Meaningful Upside,' Says Bullish Analyst
Portfolio Pulse from Priya Nigam
Deckers Outdoor Corp (NYSE:DECK) has been upgraded from Hold to Buy by Truist Securities' analyst Joseph Civello, who also raised the price target from $1,011 to $1,200. The upgrade is driven by strong performance and growth potential in the Hoka and UGG brands.
May 28, 2024 | 4:47 pm
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Deckers Outdoor Corp (NYSE:DECK) has been upgraded from Hold to Buy by Truist Securities' analyst Joseph Civello, who also raised the price target from $1,011 to $1,200. The upgrade is driven by strong performance and growth potential in the Hoka and UGG brands.
The upgrade from Hold to Buy and the increased price target from $1,011 to $1,200 by Truist Securities' analyst Joseph Civello is a strong positive signal for DECK. The analyst highlights the robust performance and growth potential of the Hoka and UGG brands, which are key drivers for the company's future earnings. This positive outlook is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100