Movement Alert|Crocs Intraday Rise 5.01%, UBS Raises Price Target After Strong Q3 and Higher Full-Year Outlook

Market Focus
11/09

On November 9, Crocs rose 5.01% in Regular Trading, trading at $159.2501/share, with turnover of $23.9515 million.

The most recent catalyst in public information was a sell-side target increase: UBS lifted its price target on Crocs to $145 from $120 while maintaining a Neutral rating, reinforcing attention on the company after its late-October earnings beat.

That earnings report showed adjusted Q3 EPS of $3.69 on revenue of $1.04 billion, both above consensus expectations. Crocs also raised its full-year adjusted EPS guidance to $14.45-$14.65 from $13.70-$14.00 and lifted its revenue growth outlook to about 3% from 1%-2%. Public reports also highlighted a rebound at HEYDUDE, with management indicating improved wholesale performance and a stronger brand outlook.

(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。

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