Baird analyst Jonathan Komp raised the firm’s price target on Crocs to $185 from $175 and keeps an Outperform rating on the shares. The analyst said while we are highly disappointed to see the stockfall and giving up its 2023 outperformance, the Q1 update does not materially change our fundamental views, and we are not backing down from our bullish call.
Published first on TheFly
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Read More on CROX:
- CROX Plunges as Raised Outlook Comes in Below Estimates
- Crocs sees FY23 adjusted EPS $11.17-$11.73, consensus $11.22
- Crocs sees Q2 adjusted EPS $2.83-$2.98, consensus $3.23
- Crocs reports Q1 adjusted EPS $2.61, consensus $2.15
- Crocs, Inc. Reports First Quarter Revenue Growth of 34% and Raises Full Year Guidance
