Is the Crocs Growth Story Fading? 3 Things to Know Before You Buy the Stock
Here we go again. Wild volatility in Crocs (NASDAQ: CROX) stock is making a comeback. The shares fell hard following a second-quarter 2023 update that left Wall Street with questions, particularly regarding the company's HeyDude acquisition in early 2022.
Is the positive story surrounding Crocs fading, or are these just growing pains? Here are three things you need to know before considering a buy.
As Crocs outlined a couple of years ago, its foam clogs and sandals have made little headway in Asia -- a market where the quirky brand should really excel. Management has been putting in the work to expand its footprint across the Pacific to capitalize on demand for comfortable everyday footwear that doesn't break the budget.
Source Fool.com
Crocs Inc. Stock
€122.44
1.230%
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 135 € shows a slightly positive potential of 10.26% compared to the current price of 122.44 € for Crocs Inc..
