Breaking Down Crocs: 11 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the last three months, 11 analysts have published ratings on Crocs (NASDAQ:CROX), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $152.73, reflecting an 8.94% increase from the previous target. Analysts have raised their ratings and price targets, indicating positive sentiment towards Crocs's financial performance, which includes strong revenue growth, net margin, ROE, and ROA, despite high debt levels.
June 20, 2024 | 12:01 pm
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POSITIVE IMPACT
Analysts have shown a positive sentiment towards Crocs (NASDAQ:CROX) with raised ratings and price targets. The average 12-month price target is now $152.73, reflecting an 8.94% increase. Crocs has demonstrated strong financial performance with notable revenue growth, net margin, ROE, and ROA, despite high debt levels.
The positive sentiment from multiple analysts, along with raised price targets and strong financial performance metrics, suggests a likely short-term increase in Crocs's stock price. The company's revenue growth, net margin, ROE, and ROA are all above industry averages, which further supports the bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100