Crocs Stock: Buy, Sell, or Hold?
Regardless of personal opinions on the fashion appeal of (NASDAQ: CROX) footwear, its stock performance over the past year cannot be ignored. With a remarkable return of 125% for investors, Crocs stock has proven to be a trendsetter. Moreover, the company is out to prove its shoes aren't just a fad and to show it can expand its portfolio of products.
Whenever a stock experiences significant growth, determining whether the market has already factored it in is prudent. Therefore, let's examine Crocs' current standing and evaluate whether its stock should be considered a buy, sell, or hold.
In Crocs' first quarter of 2023, the company delivered revenue of $884 million, an increase from $660 million, or nearly 34%, compared to the same period last year. While that appears to be incredible growth for a shoe company, it's important to note that Crocs closed on its roughly $2.5 billion acquisition of casual footwear company HeyDude during the middle of the first quarter of 2022.
Source Fool.com
Crocs Inc. Stock
With 24 Buy predictions and not a single Sell prediction Crocs Inc. is an absolute favorite of our community.
With a target price of 132 € there is a slightly positive potential of 8.66% for Crocs Inc. compared to the current price of 121.48 €.
