Is the Crocs Stock Growth Thesis Now Busted?
Large swaths of the stock market continue to get clobbered by a myriad of issues related to inflation, higher interest rates, and the general aftermath from pandemic-disrupted supply chains in the recent past.
Crocs (NASDAQ: CROX) is one of those companies the market is dragging through the mud. Unfortunately, investors do have a point. Its execution in the last couple of years hasn't been ideal, and the balance sheet is still messy after the $2 billion acquisition of once-fast-growing casual shoe brand HeyDude in early 2022.
With business overall now staring down a period of contraction, is the investment thesis in Crocs stock busted?
Source Fool.com
Crocs Inc. Stock
€115.86
0.380%
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
As a result the target price of 122 € shows a slightly positive potential of 5.3% compared to the current price of 115.86 € for Crocs Inc..
