Movement Alert|Crocs Rises 5.34% in Regular Trading, Piper Sandler Upgrades Rating to Overweight with $150 Target

Market Focus
06/26

On June 26, Crocs rose 5.34% in regular trading, trading at $124.76/share, with turnover of $23.14 million.

On the news front, Piper Sandler upgraded Crocs from Neutral to Overweight and raised its price target significantly from $95 to $150. This marks the second major investment bank upgrade in recent weeks — Baird similarly upgraded the stock from Neutral to Outperform in early June with a $150 target, when shares rose over 2%. According to FactSet, Crocs now carries an average analyst rating of Overweight with a mean price target of $126.

Fundamentally, the upgrades are underpinned by strong Q1 results reported in late April, with adjusted EPS of $2.99 beating the $2.77 consensus by approximately 8%, while revenue of $921.5 million also exceeded the $900.9 million estimate. The company guided full-year adjusted EPS to $13.20-$13.75, well above prior Street expectations. Additionally, the company has been executing a $100 million cost savings plan announced earlier, aimed at enhancing operational efficiency across supply chain management and digital transformation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10