Expert Outlook: Crocs Through The Eyes Of 8 Analysts
Portfolio Pulse from Benzinga Insights
Over the past three months, 8 analysts have provided varied opinions on Crocs (NASDAQ:CROX), with recent ratings showing a mix of bullish and indifferent stances. The average 12-month price target for CROX has been raised to $138.5, indicating a 14.74% increase from the previous target. Analysts from firms like B. Riley Securities, Barclays, and Keybanc have adjusted their price targets and ratings, reflecting a positive outlook on Crocs's financial performance, including revenue growth, net margin, and ROE, despite a high debt-to-equity ratio.
April 11, 2024 | 7:00 pm
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Crocs has received a mix of bullish and indifferent ratings from 8 analysts, with an updated average 12-month price target of $138.5, reflecting a 14.74% increase. The company's financial performance shows positive revenue growth, a high net margin, and strong ROE, although it has a high debt-to-equity ratio.
The positive adjustment in Crocs's price target by analysts, based on its financial performance and growth potential, suggests a bullish outlook for the stock in the short term. The company's strong revenue growth, net margin, and ROE are key factors that analysts have considered, outweighing concerns about its debt-to-equity ratio. This collective analyst sentiment and financial data point towards a likely increase in stock price, justifying a positive score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100