Deckers Outdoor price target raised to $1,020 from $946 at BTIG

BTIG analyst Janine Stichter raised the firm’s price target on Deckers Outdoor to $1,020 from $946 and keeps a Buy rating on the shares. The firm’s recent conversations with the company saw the management’s tone as “confident and upbeat”. While there was a “prudent acknowledgement” that certain elements of the exceptional FY24 results to date may not repeat into FY25, the broader discussion centered around the structural, multi-year investments that Deckers has made to lay the groundwork for this level of performance, the analyst tells investors in a research note.