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Cowen analyst John Kernan raised the firm's price target on Deckers Brands to $480 from $476 and keeps an Outperform rating on the shares. The analyst said current execution and trends suggest Deckers is taking a conservative stance with Q4 sales guidance.

Wells Fargo analyst Kate Fitzsimons raised the firm's price target on Deckers Brands to $425 from $360 and keeps an Equal Weight rating on the shares. Deckers reported a solid Q3 beat on revenues and EPS in the holiday quarter and raised its FY guide to essentially Street estimates, implying a below-consensus Q4, the analyst tells investors in a research note.

Baird analyst Jonathan Komp raised the firm's price target on Deckers Brands to $500 from $455 and keeps an Outperform rating on the shares. The analyst noted they raised full-year EPS on higher revenue which we think sets up for further upside potential in Q4. We raised earnings and Deckers remains a favored idea given strong brand momentum and execution.

Baird analyst Jonathan Komp raised the firm's price target on Deckers Brands to $455 from $425 and keeps an Outperform rating on the shares. The analyst said while we are not changing estimates at this time, we see potential for healthy FQ3 revenue and EPS upside given our expectations for strong UGG, DTC, and HOKA performance, along with benefits from cycling year-ago freight expenses.

Citi analyst Paul Lejuez raised the firm's price target on Deckers Brands to $515 from $440 and keeps a Buy rating on the shares. The analyst expects a "solid" sales and earnings beat when Deckers reports fiscal Q3 on February 2. Citi believes the Ugg business was solid while Hoka was "exceptionally strong" this holiday.

Piper Sandler analyst Abbie Zvejnieks raised the firm's price target on Deckers Brands to $470 from $440 and keeps an Overweight rating on the shares. Despite a highly uncertain consumer backdrop, consumers continue to react to strong brands and innovation although 2023 estimates "are likely broadly too high," Zvejnieks tells investors in a research note.