Crocs price target raised to $155 from $150 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on Crocs to $155 from $150 and keeps an Outperform rating on the shares. The analyst said it remains a top idea after meeting with management. He said the company’s Q4 pre-announcement, 2023 revenue outlook, and commentary reinforced his confidence in near-term brand fundamentals and the company’s ability to navigate a difficult operating environment.