Savoie raises price target on Deckers

Based on the amazing Q3 earnings and positive outlook and given the fact that November and December are the best months for Deckers, I've raised my price target to $84/share for DECK. If you're still in this one, I suggest you hang on for the Christmas rally. Given that our entry price was around 45$, this target would represent a 87% increase in share price in 4 months. If you were to sell at today's price of $70 then you would have a gain of 56% which is still very good for 4 months.