CROX- Double from here by the end of the year
To consider the potential of this outcome, we can examine a few factors:
Recent Performance and Future Outlook: Crocs recently topped fourth-quarter revenue views and reported an optimistic 2023 outlook with profits exceeding analyst consensus views. The company expects revenue to grow 27%-30% with adjusted EPS of $2.06-$2.19 in Q1 2023, and full-year sales to increase 10%-13% to $3.9 billion-$4.0 billion2. It's worth noting that these figures exceed analysts' predictions of full-year EPS of $10.86 and $3.97 billion in revenue2.
Analyst Ratings and Industry Position: CFRA analyst Zachary Warring recently increased Crocs' stock price target to $150 and maintained a "Strong Buy" rating, indicating a positive outlook. Furthermore, Crocs leads the Apparel-Shoes & Retail Manufacturing industry group, which ranks a strong No. 12 among the 197 industry groups tracked by IBD2.
Technical Analysis: The stock recently bounced off its 200-day moving average, which is a significant long-term support line.
Recent Performance and Future Outlook: Crocs recently topped fourth-quarter revenue views and reported an optimistic 2023 outlook with profits exceeding analyst consensus views. The company expects revenue to grow 27%-30% with adjusted EPS of $2.06-$2.19 in Q1 2023, and full-year sales to increase 10%-13% to $3.9 billion-$4.0 billion2. It's worth noting that these figures exceed analysts' predictions of full-year EPS of $10.86 and $3.97 billion in revenue2.
Analyst Ratings and Industry Position: CFRA analyst Zachary Warring recently increased Crocs' stock price target to $150 and maintained a "Strong Buy" rating, indicating a positive outlook. Furthermore, Crocs leads the Apparel-Shoes & Retail Manufacturing industry group, which ranks a strong No. 12 among the 197 industry groups tracked by IBD2.
Technical Analysis: The stock recently bounced off its 200-day moving average, which is a significant long-term support line.
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