Is Crocs A Fad or Did HeyDude Expand Too Fast? Wedbush Analyst Weighs In
Portfolio Pulse from Shivani Kumaresan
Wedbush analyst Tom Nikic reiterated an Outperform rating on Crocs, Inc. (NASDAQ:CROX) with a price target of $153. The analyst remains positive on the stock's Q2 EPS print on July 27 and has raised Q2 EPS forecast to $3.24 from $2.98. The analyst also sees less risk of investors being blind-sided by unexpected bad news and mentions a near-term trading catalyst from the resumption of share buyback.
July 24, 2023 | 5:02 pm
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Wedbush analyst remains positive on Crocs, Inc. (NASDAQ:CROX) and has raised Q2 EPS forecast. The analyst also sees less risk of unexpected bad news.
The analyst's positive outlook and raised Q2 EPS forecast for Crocs, Inc. (NASDAQ:CROX) is likely to boost investor confidence and could potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100