BofA Cuts Deckers Stock Price Target After Record Earnings

Bank of America lowered its price target for Deckers Outdoor (DECK) stock after the company reported record fiscal 2026 results. The adjustment comes despite record revenue, record EPS, and a $3.5 billion buyback authorization.

Rating Change

BofA cut its price target on Deckers from $220 to $200, while maintaining a "Neutral" rating. The previous target was not explicitly stated in the source, but the revision reflects a more cautious stance.

Analyst Rationale

Analysts at Bank of America believe the current valuation leaves limited upside potential in the near term, despite the company's strong performance. They also noted that the fiscal 2027 outlook, while above Wall Street consensus, may not be sufficient to drive significant stock appreciation.

Context

The rating change comes after Deckers reported record fiscal 2026 results, including record revenue and EPS. The company also announced a $3.5 billion share buyback authorization, signaling management confidence. However, analysts appear to see limited upside at current valuation levels.

What to Make of It

Deckers remains a strong company with leading brands like HOKA and UGG, but high valuation may cap near-term gains. Investors should monitor upcoming quarters to see if the company can deliver on its guidance.