What Do Analysts Think About Crocs (CROX)?

Crocs, Inc. (NASDAQ:CROX) is one of the best high growth low PE stocks to invest in now. On August 12, UBS lowered the firm’s price target on Crocs, Inc. (NASDAQ:CROX) to $85 from $110, keeping a Neutral rating on the shares.

The firm told investors in a research note that it does not consider the post-earnings selloff as a buying opportunity, as the company’s fundamentals are not likely to bounce back over the medium-term.

It added that Crocs, Inc.’s (NASDAQ:CROX) fundamentals may continue deteriorating, which is why the firm sees a balanced upside/downside skew for the shares post the pullback.

However, Needham analyst Tom Nikic maintained a bullish stance on Crocs, Inc. (NASDAQ:CROX), giving a Buy rating on August 8.

The analyst told investors that although the company is experiencing challenges, he believes that the adjustment was conservative and necessary to ensure a more realistic baseline for future performance.

Crocs (NASDAQ:CROX) designs, markets, distributes, and sells casual lifestyle footwear and accessories for women, men, and children under the Crocs Brand and HEYDUDE Brand segments.

The Crocs Brand segment offers a collection of Croslite material, a molded footwear technology formulated to create odor-resistant, comfortable, soft, and lightweight footwear.

The HEYDUDE Brand, in contrast, operates in more than 80 countries, and offers a collection with a versatile silhouette.

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Disclosure: None. This article is originally published at Insider Monkey.