Needham Maintains Buy Rating on Deckers Outdoor Corporation (DECK), Cuts PT
From Yahoo Finance: 2025-05-21 16:24:00
Needham reiterates a “Buy” rating on Deckers Outdoor Corporation (NYSE: DECK) but cuts price target to $150 from $246. Expectations for Q4 of fiscal year 2025 are not expected to drive stock value positively. Analysts predict a less impressive outperformance compared to last year.
Analysts at Needham anticipate Deckers Outdoor Corporation (NYSE: DECK) will surpass conservative Q4 guidance, but the margin of outperformance is expected to be less than prior year. Despite expected beat, fiscal year 2026 guidance may fall below consensus. Factors include Hoka brand growth slowing, return to normal markdown levels, and tariffs affecting results.
Deckers Outdoor Corporation (NYSE: DECK) specializes in casual lifestyle and high-performance footwear, apparel, and accessories. Brands include UGG, HOKA, and Teva, sold in over 50 countries. Analysts acknowledge DECK’s investment potential, but suggest other AI stocks may offer higher returns with less risk.
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Read more: Needham Maintains Buy Rating on Deckers Outdoor Corporation (DECK), Cuts PT