Crocs price target raised to $150 from $100 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on Crocs to $150 from $100 and keeps an Outperform rating on the shares. The analyst met with management who expressed a bullish tone despite broader industry challenges, and the meetings reinforced his confidence in continued growth potential for Crocs, especially international, HEYDUDE whitespace, and multiple pathways to deliver best-in-class operating margins long term.