Analysts upgrade Crocs following Q3 earnings bump
NIWOT — Crocs Inc. (Nasdaq: CROX) got an upgrade from analysts after its positive third-quarter earnings results.
Analysts at Susquehanna lifted Crocs from a Negative to a Neutral rating. The shift means the Niwot-based shoemakers have no sell-equivalent ratings from any analysts.
Susquehanna also hiked Crocs’ price target from $14 to $25.
Crocs’ stock price jumped significantly after its Nov. 8 earnings release, from $21.44 when the market closed on Nov. 7 to $27.92 the next day. The company’s stock price was $25.37 at time of publication.
NIWOT — Crocs Inc. (Nasdaq: CROX) got an upgrade from analysts after its positive third-quarter earnings results.
Analysts at Susquehanna lifted Crocs from a Negative to a Neutral rating. The shift means the Niwot-based shoemakers have no sell-equivalent ratings from any analysts.
Susquehanna also hiked Crocs’ price target from $14 to $25.
Crocs’ stock price jumped significantly after its Nov. 8 earnings release, from $21.44 when the market closed on Nov. 7 to $27.92 the next day. The company’s stock price was $25.37 at time of publication.
