Breaking Down Crocs: 9 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Nine analysts have recently updated their ratings on Crocs (NASDAQ:CROX), showing a mix of bullish and bearish sentiments. The majority are bullish, with 6 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target for CROX has been raised to $126.11, indicating a 10.87% increase from the previous target of $113.75. Analysts from firms like B. Riley Securities, Piper Sandler, and Raymond James have raised their price targets, reflecting optimism about Crocs's market performance. Crocs's financials show positive trends, with a revenue growth rate of 6.15% and a net margin of 16.93%, outperforming industry averages. However, the company's debt-to-equity ratio of 1.91 suggests financial risk.
February 16, 2024 | 8:00 pm
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POSITIVE IMPACT
Analysts show a bullish outlook on Crocs with an increased average price target of $126.11, indicating potential stock growth. Positive financial performance and revenue growth are highlighted, but a high debt-to-equity ratio poses a risk.
The bullish sentiment from analysts, based on the increased price targets and positive financial indicators such as revenue growth and net margin, suggests a positive short-term impact on CROX's stock price. However, the high debt-to-equity ratio introduces a note of caution, potentially moderating the positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100