Assessing Crocs: Insights From 6 Financial Analysts
Portfolio Pulse from Benzinga Insights
Six financial analysts have recently updated their ratings on Crocs (NASDAQ:CROX), with a general trend towards bullishness. The average 12-month price target is now $120.83, up 12.4% from the previous $107.50. Analysts from firms like Raymond James and Stifel have raised their price targets, reflecting positive sentiment towards the company's performance. Crocs has shown strong financial metrics, including a 6.15% revenue growth rate, a net margin of 16.93%, and an ROE of 14.81%. However, the company's debt-to-equity ratio of 1.91 suggests higher financial risk.
January 09, 2024 | 9:00 pm
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POSITIVE IMPACT
Analysts have a bullish outlook on Crocs with raised price targets and strong financial performance indicators, suggesting potential for stock price growth.
The positive sentiment from analysts, indicated by raised price targets and strong financial metrics such as revenue growth and net margin, is likely to instill confidence in investors and could lead to a short-term increase in the stock price of Crocs.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100