Crocs price target raised to $140 from $135 at Piper Sandler

Piper Sandler raised the firm’s price target on Crocs to $140 from $135 and keeps an Overweight rating on the shares. The firm thinks Crocs is set up for a beat and raise cadence in fiscal 2024, driven by continued momentum from the Crocs brand, particularly the international business, the analyst tells investors in a research note. The firm thinks valuation continues to look attractive.