Crocs shares are trading higher after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $98 to $115.
Portfolio Pulse from Benzinga Newsdesk
Crocs, Inc. (CROX) shares have risen following an upgrade by Raymond James from Outperform to Strong Buy, with an increased price target from $98 to $115.
November 28, 2023 | 4:05 pm
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POSITIVE IMPACT
Crocs, Inc. received a positive analyst rating upgrade from Raymond James, changing from Outperform to Strong Buy, and the price target was raised from $98 to $115.
Analyst upgrades typically lead to a positive short-term reaction in a stock's price as they suggest a bullish outlook on the company's future performance. The increase in price target further reinforces this positive sentiment, indicating that Raymond James analysts believe the stock has significant upside potential from its current level.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100