Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Cricut, Inc. Market Cap
The Cricut, Inc. (CRCT) share price is expected to decrease by 15.34% over the next year. This is based on calculating the average 12-month share price estimate provided by 4 stock analysts who have covered CRCT. Price targets range from $3.9 at the low end to $6.5 at the high end. The current analyst consensus for CRCT is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
CRCT is a stock in Technology which has been forecasted to be worth $5.0375 as an average. On the higher end, the forecast price is $6.5 USD by from and on the lower end CRCT is forecasted to be $3.9 by from .
These are the latest 20 analyst ratings of CRCT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Eric Sheridan Goldman Sachs | Neutral | $5.75 | Maintains | Nov 6, 2024 |
| Adrienne Yih Barclays | Underweight | $4 | Maintains | Mar 7, 2024 |
| Jim Suva Citigroup | Neutral | $6 | Maintains | Mar 6, 2024 |
| Eric Sheridan Goldman Sachs | Neutral | $5.75 | Maintains | Mar 6, 2024 |
| Eric Sheridan Goldman Sachs | Neutral | $7 | Initiates | Dec 13, 2023 |
| Erik Woodring Morgan Stanley | Underweight | $4.6 | Maintains | Nov 8, 2023 |
| Jim Suva Citigroup | Neutral | $10.5 | Initiates | Aug 28, 2023 |
| Adrienne Yih Barclays | Underweight | $6 | Maintains | May 11, 2023 |
| Adrienne Yih Barclays | Underweight | $7 | Maintains | Mar 9, 2023 |
| Jim Suva Citigroup | Neutral | $9.5 | Maintains | Mar 8, 2023 |
| Erik Woodring Morgan Stanley | Underweight | $5 | Maintains | Oct 17, 2022 |
| Adrienne Yih Barclays | Underweight | $5 | Maintains | Aug 11, 2022 |
| Katy Huberty Morgan Stanley | Underweight | $5.7 | Maintains | Aug 10, 2022 |
| Jim Suva Citigroup | Neutral | $7 | Maintains | Jul 14, 2022 |
| Erik Woodring Morgan Stanley | Underweight | $6 | Maintains | Jun 15, 2022 |
| Katy Huberty Morgan Stanley | Underweight | $8.7 | Maintains | May 17, 2022 |
Goldman Sachs | Neutral | $10 | Maintains | May 12, 2022 |
| Jim Suva Citigroup | Neutral | $10 | Maintains | May 11, 2022 |
| Adrienne Yih Barclays | Underweight | $7 | Maintains | Mar 10, 2022 |
| Erik Woodring Morgan Stanley | Underweight | $9 | Maintains | Mar 9, 2022 |
When did it IPO
2021
Staff Count
690
Country
United States
Sector/Industry
Technology/Computer Hardware
CEO
Mr. Ashish Arora
Market Cap
$1.21B
In 2023, CRCT generated $765.1M in revenue, which was a decrease of -13.67% from the previous year. This can be seen as a signal that CRCT's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 08 Nov 2024
Sentiment - NEGATIVE
Source - Seeking Alpha
Summary - Cricut Inc. has a sell rating due to operational challenges and a tough consumer spending environment. Q3 2024 saw a 4% revenue decline and decreased active users, with management forecasting further declines.
Why It Matters - Cricut Inc.'s declining revenue, shrinking margins, and reduced active users signal ongoing operational struggles, raising concerns about future growth and profitability for investors.
Tue, 05 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Cricut, Inc. (NASDAQ:CRCT) will hold its Q3 2024 earnings conference call on November 5, 2024, at 5:00 AM ET, featuring key executives and analysts from major financial institutions.
Why It Matters - Cricut's Q3 earnings call could reveal key financial metrics and future guidance, influencing stock performance and investor sentiment. Market expectations may shift based on the outcomes discussed.
Tue, 05 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Cricut reported Q3 2024 revenue of $167.9 million, down 4% YoY. Paid subscribers increased by 5% to over 2.8 million. The company achieved a net income of $11.5 million, marking 23 consecutive profitable quarters.
Why It Matters - Cricut's 5% increase in paid subscribers signals user growth, despite a revenue decline. Continued profitability reflects strong management, potentially boosting investor confidence.
Tue, 05 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Cricut, Inc. (CRCT) reported Q3 earnings of $0.05 per share, below the Zacks estimate of $0.07 and down from $0.08 per share year-over-year.
Why It Matters - Cricut's earnings miss signals potential operational challenges, raising concerns about future growth and profitability, which could negatively impact investor sentiment and stock performance.
Tue, 15 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Cricut, Inc. (NASDAQ: CRCT) will report Q3 2024 financial results on November 5, 2024, after market close, followed by a conference call at 3:00 p.m. ET.
Why It Matters - Cricut's upcoming financial results announcement and conference call could significantly impact stock performance, influencing investor sentiment and market reaction based on earnings expectations.
Fri, 04 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cricut has initiated legal action to safeguard its intellectual property rights, highlighting its commitment to protecting its innovations.
Why It Matters - Cricut's legal action signals a commitment to safeguarding its innovations, potentially enhancing its market position and protecting revenue streams, which can impact stock performance.
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