Wall Street Bulls Look Optimistic About Deckers (DECK): Should You Buy?

Group 1 - The average brokerage recommendation (ABR) for Deckers (DECK) is 2.00, indicating a Buy, based on recommendations from 20 brokerage firms, with 45% as Strong Buy and 10% as Buy [2][4] - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [5][9] - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of a stock's near-term price performance compared to ABR [7][10] Group 2 - The Zacks Consensus Estimate for Deckers has increased by 0.8% over the past month to $5.53, indicating growing optimism among analysts regarding the company's earnings prospects [12] - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for Deckers, suggesting a potential for stock price appreciation [13]