Breaking Down Crocs: 6 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the past three months, 6 analysts have provided ratings on Crocs (NASDAQ:CROX), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 5.07% to $165.67. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance. Crocs has shown strong financial performance with impressive revenue growth, net margin, ROE, and ROA, but faces challenges with a high debt-to-equity ratio.
August 22, 2024 | 1:00 pm
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Analysts have shown a generally positive outlook on Crocs, with an increase in the average price target to $165.67. The company's strong financial performance, including revenue growth and profitability, supports this sentiment. However, the high debt-to-equity ratio poses a potential risk.
The increase in the average price target and the majority of analysts being bullish or somewhat bullish indicate a positive short-term outlook for Crocs. The company's strong financial metrics further support this view, although the high debt-to-equity ratio is a concern that could impact future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100