Truist Raises Deckers Outdoor Price Target to $145 Amid HOKA Brand Strength

Truist Securities raised Deckers Outdoor's (DECK) price target from $130 to $145 due to the strong performance of its HOKA brand. Deckers reported Q1 2026 earnings with revenue of $965 million, a 17% increase YoY. HOKA's net sales rose 19.8% YoY to $653.1 million, driven by growth in wholesale and international markets and improving direct-to-consumer sales. Truist maintained its Buy rating on the shares.