Crocs, Inc. (NASDAQ:CROX) Sees Positive Outlook from Needham with New Price Target

Font: Financial Modeling Prep  • Feb 12, 2026

• Needham's new price target for NASDAQ:CROX is $118, indicating a potential increase of 17.82%.
• Fourth quarter 2025 earnings report exceeded expectations with adjusted earnings of $2.29 per share.
• Revenue reached $957.6 million, surpassing analysts' expectations despite a year-over-year decline.

Crocs, Inc. (NASDAQ:CROX) is a well-known footwear company famous for its unique and comfortable clogs. The company has a strong presence in the direct-to-consumer market and is expanding internationally. Despite challenges in traditional retail channels, Crocs continues to innovate and capture consumer interest. Its competitors include companies like Skechers and Deckers Outdoor Corporation.

On February 12, 2026, Needham set a new price target for CROX at $118, representing a potential increase of approximately 17.82% from its current price of $100.15. This optimistic outlook comes after Crocs reported a significant share price increase of nearly 20% following its fourth quarter 2025 earnings report. The report exceeded Wall Street expectations, with adjusted earnings of $2.29 per share, surpassing the consensus estimate of $1.92 by about 19%.

Crocs' revenue reached $957.6 million, exceeding analysts' expectations of around $918 million. However, this marked a 3.2% decline year over year, or 4.2% on a constant currency basis. The company's direct-to-consumer sales increased by 4.7%, while wholesale revenue fell by 14.5%, highlighting ongoing challenges in traditional retail channels. Despite these challenges, Crocs maintained solid cash flow, allowing it to reduce its share count by 10% and pay down $128 million in debt.

The company's management provided optimistic guidance for 2026, projecting adjusted earnings per share between $12.88 and $13.55, surpassing the $11.89 per share anticipated by analysts. This positive outlook has contributed to the favorable market reaction.

CROX stock experienced a significant jump following the release of its quarterly earnings report, with a current price of $100.58, reflecting a 21.57% increase. The stock has fluctuated between a low of $94.71 and a high of $101.59 today. Over the past year, it reached a high of $122.84 and a low of $73.21. CROX has a market capitalization of approximately $5.49 billion, with a trading volume of 2,860,174 shares.