Deckers Outdoor price target raised to $182 from $170 at BofA

BofA analyst Christopher Nardone raised the firm’s price target on Deckers Outdoor (DECK) to $182 from $170 and keeps a Neutral rating on the shares. Deckers reported Q2 EPS of $1.59, “well above” the firm’s and Visible Alpha consensus estimates of $1.30 and $1.23, respectively, on higher-than-expected sales and gross margins, the analyst noted. The firm is applying a higher multiple to its FY26 estimates to reflect increased confidence in near-term sales trends, but thinks the risk/reward is balanced at the valuation where the shares are trading, the analyst tells investors.