Crocs up after Piper Sandler upgrades rating to 'overweight'
26/06/2026 10:29
BUZZ-Crocs up after Piper Sandler upgrades rating to 'overweight' ** Footwear maker Crocs' CROX.O shares up 2.04% at $121.30 premarket
** Piper Sandler upgrades CROX to "overweight" from "neutral"; raises PT to $150 from $95
** New PT represents 26.2% upside to stock's last close
** Brokerage sees innovation-led clog pipeline, improving Heydude's traffic and TikTok traction strengthening brand momentum despite lower performance marketing
** "Having previewed the Spring/Summer 2027 product at FFANY earlier this month, we are encouraged that innovation story at Crocs continues" - Piper Sandler
** 8 of 17 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell" or lower; median PT $127.50 - data compiled by LSEG
** As of last close, CROX up 39% YTD
(Reporting by Kanchana Chakravarty in Bengaluru)