Stifel reaffirmed its Buy rating on Deckers Outdoor (NYSE:DECK) with a $140 price target.
The firm showed confidence in the company's performance and growth investments, believing it can meet its fiscal 2030 targets of high-single-digit revenue growth and low-double-digit EPS growth.
Stifel upgraded the stock in November, citing a profitable operating model, brand growth potential for HOKA and UGG, and attractive valuation.
The stock trades at a P/E ratio of 14.37 and a PEG ratio of 0.95. According to Bond.az data, the stock appears undervalued.
The $140 target is based on 11.5x EV/EBITDA on the firm's fiscal 2028 adjusted EBITDA estimate of $1,527 million.
