Needham analyst Tom Nikic has reiterated their bullish stance on CROX stock, giving a Buy rating today.
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Tom Nikic has given his Buy rating due to a combination of factors including Crocs’ strong performance in the fourth quarter and its optimistic guidance for 2025. The company reported better-than-expected earnings per share and revenue growth for the quarter, surpassing projections. Despite a low price-to-earnings ratio, the performance at the Crocs brand remains solid, and there is potential for improvement at HeyDude, which adds to the stock’s appeal.
Nikic has also revised the EPS estimates for Crocs for the fiscal years 2025 and 2026 upwards, reflecting confidence in the company’s future earnings potential. The revenue growth guidance aligns with market expectations, but the EPS outlook is notably higher than the market consensus, indicating a positive financial trajectory. These factors collectively justify the Buy rating, as the stock appears undervalued given its performance and prospects.
In another report released today, Bank of America Securities also maintained a Buy rating on the stock with a $144.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CROX in relation to earlier this year.