Deckers Outdoor climbs after Bernstein upgrade

Deckers Outdoor

06/05/2026 11:54

** Shares of Hoka parent Deckers Outdoor DECK.N up 3.5% at $102 premarket

** Brokerage Bernstein upgrades rating on stock to "market perform" from "underperform," raises PT by $10 to $100

** Says after two years of decelerating sales and earnings growth, "the worst is over" and that Wall Street estimates look "more realistic" now, with a risk-to-reward ratio on stock more balanced

** We now see the business as more stable over the medium-term, with both brands relatively mature in the US but growing internationally - brokerage

** Says shares pulling back makes it seem fairly valued, with brokerage no longer seeing significant downside

** Up to last close, stock had fallen ~5% YTD and was down ~49% in 2025

** Average rating of 27 analysts is "buy"; with a median PT of $129 - data compiled by LSEG

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))