Raymond James Upgrades Crocs to Strong Buy, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel upgraded Crocs, Inc. (NASDAQ:CROX) from Outperform to Strong Buy and increased the price target from $98 to $115.

November 28, 2023 | 12:28 pm
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Crocs, Inc. received an upgrade from Raymond James from Outperform to Strong Buy, with a raised price target from $98 to $115.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a bullish outlook on the company's future performance. The increase in price target further reinforces the positive sentiment, indicating that the analyst sees a higher potential value for the stock than previously estimated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100