Deckers Outdoor (DECK) PT Raised to $1,075 at Baird

Baird analyst Jonathan Komp raised the price target on Deckers Outdoor (NYSE: DECK) to $1,075.00 (from $1,050.00) while maintaining a Outperform rating.

The analyst comments "Maintaining Outperform rating, raising estimates and price target to $1,075 with further upward bias. FQ1 EPS topped consensus by +29% driven by a ~2% revenue beat (HOKA DTC strong) and healthier full-priced selling. DECK raised the mid-point of F2025E EPS guidance ~1.5% (typical approach) but clearly carries stronger momentum capable of driving further positive revisions. Overall a fitting final quarter under Dave Powers – the business remains well positioned for incoming CEO Stefano Caroti, and DECK's +double-digit revenue profile, leading margin/ROIC, and cash return potential justify sustained premium valuation metrics."

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