CROX - Although This Phenomenal Stock Has More Than Quadrupled Since 2019 It Could Still Skyrocket
2024-02-24 06:47:00 ET
Amid macroeconomic headwinds, which stem from higher interest rates, inflationary pressures, and recession fears, some businesses continue to post healthy results. Crocs (NASDAQ: CROX) , the maker of popular foam clogs, is one such enterprise, as its latest quarterly numbers were better than analysts expected.
Ongoing financial success has made this booming footwear stock a massive winner in recent times, as it has more than quadrupled in just the last five years. This crushes the gains of the Nasdaq Composite index .
But investors who have missed the remarkable performance shouldn't worry. Crocs stock could still skyrocket going forward.
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Although This Phenomenal Stock Has More Than Quadrupled Since 2019, It Could Still Skyrocket