Crocs Inc. (CROX) shares plummeted 5.03% during intraday trading on Friday, marking a significant downward movement for the footwear company's stock.

The sharp decline appears to be driven by mixed analyst actions, particularly Barclays maintaining its Equal-Weight rating on the stock. This assessment came alongside Goldman Sachs reiterating its Sell rating on Crocs, even as it raised its price target. The maintained ratings from these firms, especially Barclays' decision to not upgrade the stock, may have disappointed investors who were observing other analysts raising their price targets for the company.

Several other financial institutions, including Piper Sandler, Monness Crespi Hardt, Stifel, and Baird, had recently raised their price targets for Crocs, creating a backdrop of generally positive analyst sentiment. However, the maintained cautious stances from Barclays and Goldman Sachs likely contributed to the selling pressure observed during the trading session.