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
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 138 € shows a slightly positive potential of 2.01% compared to the current price of 135.28 € for Crocs Inc..
