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Crocs shares hit a new 52-week high as stock gains since May buy signal
The stock has risen 22.8% since the Trend Seeker issued a new buy signal on May 21.
Crocs shares (CROX) hit a new 52-week high and have shown strong technical momentum, after a fresh buy signal was issued on May 21.
According to Barchart's Trend Seeker signal, the stock gained 22.82% since that May 21 buy call, with the article citing a 25% gain since the signal was issued.
The piece also points to analyst sentiment, saying there are multiple strong buy ratings, with price targets ranging from $125 to $185, and it notes CROX is valued at $6.77 billion.
Barchart further says earnings are estimated to rise 9.35% this year and 6.31% next year, while its analyst coverage breakdown lists 6 Strong Buy, 1 Moderate Buy, 7 Hold, and 1 Strong Sell, with targets between $86 and $160.