Needham analyst Tom Nikic has maintained their bullish stance on CROX stock, giving a Buy rating on August 8.
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Tom Nikic has given his Buy rating due to a combination of factors that suggest a favorable risk/reward scenario for Crocs. Despite recent challenges and a guide-down that surprised investors, Nikic believes that this adjustment was necessary and conservative, setting a more realistic baseline for future performance. The current valuation of Crocs appears to be an undervaluation, as the stock is trading at just 7 times the expected earnings per share for fiscal year 2026.
Furthermore, Nikic’s confidence is supported by unchanged earnings per share forecasts for 2025 and 2026, which remain at $11.40 and $11.16, respectively. Although there have been slight adjustments to sales forecasts due to segment-level growth rate changes, the overall outlook remains positive. This suggests that, while there may be short-term volatility, the long-term potential for Crocs is promising, justifying the Buy rating.
In another report released on August 8, Bank of America Securities also reiterated a Buy rating on the stock with a $99.00 price target.