Where Will Crocs Stock Be In 1 Year?
' (NASDAQ: CROX) stock is up nearly 70% over the past 12 months as the footwear maker impressed investors with its robust growth in a tough macro environment. Its acquisition of the Italian casual footwear brand HeyDude for $2.5 billion last in February 2022 also significantly boosted its sales over the past year.
But even after that massive rally, Crocs' stock still looks cheap at 11 times forward earnings with an enterprise value of just 2.5 times this year's sales. It's also still trading more than 30% below its all-time high of $180.57 from Nov. 12, 2021. Should investors consider Crocs to be an undervalued play that will soar even higher over the next 12 months?
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Source Fool.com
Crocs Inc. Stock
€120.14
4.040%
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 9.87% for Crocs Inc. compared to the current price of 120.14 €.
