Deckers Outdoor’s Price Target Raised at Citi
<p>Citi increased its price target on <a href='https://financialmodelingprep.com/financial-summary/DECK'>Deckers Outdoor (NYSE:DECK)</a> to $665.00 from prior $515.00 while keeping its Buy rating on the stock unchanged. They expect a strong Q1/24 earnings beat on July 27, with an estimated EPS of $2.59, compared to the Street estimate of $2.13. </p>
<p>The analysts anticipate improved Hoka DTC sales and higher gross margin. Additionally, they expect management to raise fiscal 2024 sales guidance to low-double-digit growth and adjust EPS accordingly. Citi's 2024 of $23.01 is above the Street estimate of $21.97 due to strong Hoka sales and GM outlook.</p>

NYSE:DECK