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.

While we acknowledge the potential of CROX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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