Barclays raised the target price for footwear manufacturer DeckersOutdoor on Friday from $90 to $120 but the stock was down on the day. Deckers, which reported fourth-quarter earnings Thursday has been steadily climbing over the last month, though. But should it be? Mad Money's Jim Cramer said on Friday's Stop Trading! that yes, it definitely should.

"This is not a one-day wonder. There continues to be a ridiculously low valuation for the company," Cramer said. "I think it should be a $5 billion market cap company."