Navigating 12 Analyst Ratings For Deckers Outdoor
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has received mixed analyst ratings over the past three months, with 12 analysts offering a range of bullish to indifferent perspectives. The average 12-month price target for DECK has risen 8.23% to $687.83, with a high estimate of $800 and a low of $600. Analysts have raised their price targets and ratings, reflecting positive sentiment towards the company's performance. Deckers Outdoor, known for brands like UGG and Teva, has shown strong financials with a 24.7% revenue growth, a high net margin of 16.35%, and an ROE of 9.93%, outperforming industry averages.
December 22, 2023 | 2:01 pm
News sentiment analysis
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POSITIVE IMPACT
Deckers Outdoor has received updated analyst ratings and price targets, with an overall positive sentiment reflected in the increased average price target. The company's strong financial performance, including significant revenue growth and profitability, supports the bullish outlook from analysts.
The positive revisions in analyst ratings and price targets for DECK, combined with the company's robust financial performance, suggest a favorable short-term impact on the stock price. The consensus among analysts indicates confidence in the company's continued growth and profitability, which is likely to be well-received by investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100