The Analyst Landscape: 20 Takes On Deckers Outdoor
Portfolio Pulse from Benzinga Insights
20 analysts have recently updated their ratings on Deckers Outdoor (NYSE:DECK), showing a diverse range from bullish to bearish. The average 12-month price target has increased by 14.78% to $828.35. Analysts have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. Deckers Outdoor, known for brands like UGG and Teva, has shown strong financial performance with a revenue growth of 15.95%, a net margin of 24.99%, and an ROE of 20.0%. The company's market capitalization, however, falls below industry benchmarks.
February 15, 2024 | 12:00 pm
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POSITIVE IMPACT
Deckers Outdoor has received updated ratings from 20 analysts, showing a positive shift in sentiment. The average 12-month price target has risen to $828.35, indicating a bullish outlook. The company's strong financial performance, including revenue growth and high net margin, supports this positive view.
The increase in the average price target and positive adjustments in ratings by analysts suggest a bullish outlook for DECK in the short term. The company's strong financial performance, including significant revenue growth and profitability, further supports this positive sentiment. Given the comprehensive coverage and consensus among analysts, there is a high level of confidence in the stock's potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100