Barclays Maintains Overweight on Crocs, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Crocs (NASDAQ:CROX) but lowers the price target from $164 to $125.
October 29, 2024 | 9:53 pm
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Barclays has maintained its Overweight rating on Crocs but has reduced the price target from $164 to $125, indicating a more cautious outlook.
The reduction in the price target from $164 to $125 by Barclays suggests a more cautious outlook on Crocs' future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term potential.
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IMPORTANCE 80
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