“Ian’s deep, decades-long executive and public company leadership experience at global fashion lifestyle and luxury b Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear ...
I maintain my “buy” rating for Crocs stock, while reducing my price target to $132, as the management reduced its FY24 revenue guidance, despite outperforming in its Q3 earnings report.
Crocs' growth drivers include international expansion, sandals, and robust gross margins, despite a slowdown in revenue and HeyDude's underperformance. Q3 results exceeded guidance, but stock ...