Why Shares of Crocs Are Surging Today
Shares of footwear company Crocs (NASDAQ: CROX) jumped on Friday after the company received an analyst upgrade. This move adds to a rally that began in May. Crocs stock was up about 14% at 12:15 p.m. EST, and is now up more than 100% since bottoming out earlier this year.
An analyst at Stifel upgraded Crocs to "buy" on Friday morning. Stifel had previously downgraded the stock to "hold" in April 2016. This upgrade comes about a month after analysts at CL King & Associates downgraded the stock due to the valuation reflecting the company's growth prospects.
Image source: Crocs.
Source: Fool.com
Crocs Inc. Stock
€122.50
3.830%
Our community is currently high on Crocs Inc. with 20 Buy predictions and 4 Sell predictions.
As a result the target price of 131 € shows a slightly positive potential of 6.94% compared to the current price of 122.5 € for Crocs Inc..
