Crocs Inc is trading at $134.00 (6.5% up) in pre-market, extending a strong week of gains as investor sentiment is buoyed by several recent positive analyst reports.
- Baird upgraded the stock to 'Outperform' from 'Neutral' and raised its price target to $150, citing a sustainable recovery and a likely return to healthier sales growth in North America.
- Williams Trading also reiterated a 'Buy' rating and increased its price target to $150, noting that both the Crocs and HEYDUDE brands are creating more compelling products.
- BofA Securities recently increased its price target on the stock to $145.