Crocs Inc is trading at $125.69 (+4.2%), extending Monday’s rally following a bullish analyst upgrade and price target hike from Baird.
- Baird upgraded the stock to Outperform with a $150 price target, citing a positive outlook for the footwear brand.
- The stock is seeing significant follow-through buying as investors continue to react to the upgrade amid a supportive backdrop for retail names.
- Broader U.S. indices are also trading modestly higher, providing additional tailwinds for consumer discretionary stocks.