Deckers Outdoor Price Targets Raised to $120 and $135 After Q3 EPS Beat
Deckers Outdoor’s management raised full-year guidance and enhanced forecasting reliability, prompting analysts to boost price targets to $120 from $105 and $135 from $130. The company posted Q3 EPS of $3.33 on $1.96B revenue, outpacing consensus as UGG and HOKA delivered robust global sales growth.
1. Upgrade Rationale
On February 20, 2026, management raised full-year guidance and improved forecasting reliability, leading analysts to upgrade Deckers Outdoor to a Buy rating from Hold.
2. Price Target Increases
Following the stronger outlook, price targets were lifted to $120 from $105 and to $135 from $130, reflecting increased analyst confidence in future performance.
3. Q3 Earnings Outperformance
Deckers reported Q3 EPS of $3.33 versus a $2.76 consensus and revenue of $1.96 billion compared with $1.87 billion consensus, marking record quarterly results.
4. UGG and HOKA Sales Growth
Global demand for UGG and HOKA brands drove consistent full-price selling, supported balanced growth across direct-to-consumer and wholesale channels, and expanded gross margins.