Crocs (CROX) stock closed at $137.92, down 1.35% for the day, while the market saw positive gains. Although the stock has declined slightly in the past month, analysts are optimistic about the company’s future earnings and revenue. This report examines Crocs’ recent performance, analysts’ projections, and its valuation compared to its industry peers.
BofA Securities analyst Christopher Nardone reiterated his ‘Buy’ rating for Crocs, Inc. (CROX) despite concerns about slowing growth in North America. The analyst highlights the strong performance of Crocs’ China business as a key factor in maintaining a bullish outlook. While acknowledging the slowdown in the US market, Nardone believes that Crocs can still achieve sustained double-digit growth internationally and expects a rebound in the second half of the year.
