Crocs (CROX – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Christopher Nardone from Bank of America Securities maintained a Buy rating on the stock and has a $144.00 price target.
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Christopher Nardone has given his Buy rating due to a combination of factors, including Crocs’ strong fourth-quarter performance and promising future guidance. The company reported an adjusted EPS of $2.52, surpassing estimates, driven by robust sales and improved gross margins. North American sales exceeded expectations, while international markets, particularly China, showed significant growth. Heydude’s sales stability further contributed to the positive outlook.
Additionally, management’s initial guidance for 2025 indicates continued revenue growth and stable operating margins, suggesting confidence in sustaining financial performance. Crocs’ strong free cash flow has enabled substantial share repurchases and debt reduction, enhancing shareholder value. These factors collectively underpin the Buy rating, reflecting an attractive risk/reward profile for investors.
In another report released on February 10, Robert W. Baird also maintained a Buy rating on the stock with a $150.00 price target.