Benchmark Starts Crocs (CROX) at Buy; Timing a Concern, But Risk/Reward Very Compelling at Current Levels
Tweet
Share
E-mail
Get Alerts CROX Hot Sheet
Price: $131.72 -0.63%
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Benchmark initiates coverage on Crocs (NASDAQ: CROX) with a Buy. PT $23.00.
Analyst, Robert Samuels, said, "Although timing is a concern given the lack of any near-term catalysts and seasonality, valuation is certainly attractive at these levels and our price target represents 35% upside from here; we think owning the name here makes sense as risk/reward is favorable."
However, Samuels said the company needs to do a better job communicating with customers and investors regarding the company's transformation from a one-hit wonder to a year around footwear brand.
For an analyst ratings summary and ratings history on Crocs click here. For more ratings news on Crocs click here.
Shares of Crocs closed at $15.67 yesterday.
Analyst, Robert Samuels, said, "Although timing is a concern given the lack of any near-term catalysts and seasonality, valuation is certainly attractive at these levels and our price target represents 35% upside from here; we think owning the name here makes sense as risk/reward is favorable."
However, Samuels said the company needs to do a better job communicating with customers and investors regarding the company's transformation from a one-hit wonder to a year around footwear brand.
For an analyst ratings summary and ratings history on Crocs click here. For more ratings news on Crocs click here.
Shares of Crocs closed at $15.67 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crocs Introduces Niles: New Mascot Launches a Bold New Era of Character-Driven Storytelling
- BTIG Reiterates Neutral Rating on Crocs (CROX)
- Evercore ISI Starts Alvotech SA (ALVO) at Outperform
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
