What 7 Analyst Ratings Have To Say About Crocs
Portfolio Pulse from Benzinga Insights
In the past three months, 7 analysts have rated Crocs (NASDAQ:CROX), with a majority being somewhat bullish. The average 12-month price target has increased by 3.77% to $161.71. Analysts have adjusted their ratings and price targets based on Crocs' financial performance, which includes a 3.65% revenue growth and a strong net margin of 20.59%. However, the company's debt-to-equity ratio is higher than the industry average.
September 26, 2024 | 12:00 pm
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Crocs has received mixed analyst ratings, with a majority being somewhat bullish. The average price target has increased to $161.71, indicating positive sentiment. Crocs' strong financial performance, including a 3.65% revenue growth and a 20.59% net margin, supports this outlook. However, the high debt-to-equity ratio is a concern.
The increase in the average price target and the majority of somewhat bullish ratings suggest a positive short-term outlook for Crocs. The company's strong financial performance, including revenue growth and net margin, further supports this sentiment. However, the high debt-to-equity ratio could pose a risk, but it is outweighed by the positive aspects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100