Cricut (CRCT) Stock Forecast, Price Target & Predictions
CRCT Stock Forecast
Cricut stock forecast is as follows: an average price target of $5.75 (represents a -6.05% downside from CRCT’s last price of $6.12) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
CRCT Price Target
The average price target for Cricut (CRCT) is $5.75 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $5.75 to $5.75. This represents a potential -6.05% downside from CRCT's last price of $6.12.
CRCT Analyst Ratings
According to 2 Wall Street analysts, Cricut's rating consensus is 'Hold'. The analyst rating breakdown for CRCT stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (50.00%), 1 'Sell' (50.00%), and 0 'Strong Sell' (0.00%).
Cricut Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 06, 2024 | Eric Sheridan | Goldman Sachs | $5.75 | $6.54 | -12.15% | -6.05% |
| Jun 14, 2022 | Erik Woodring | Morgan Stanley | $6.00 | $6.70 | -10.45% | -1.96% |
| May 17, 2022 | Katy Huberty | Morgan Stanley | $8.70 | $8.83 | -1.47% | 42.16% |
| Mar 16, 2022 | Mark Altschwager | Robert W. Baird | $13.00 | $11.06 | 17.54% | 112.42% |
The latest Cricut stock forecast, released on Nov 06, 2024 by Eric Sheridan from Goldman Sachs, set a price target of $5.75, which represents a -12.15% decrease from the stock price at the time of the forecast ($6.54), and a -6.05% decrease from CRCT last price ($6.12).
Cricut Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $5.75 | $5.75 |
| Last Closing Price | $6.12 | $6.12 | $6.12 |
| Upside/Downside | -100.00% | -6.05% | -6.05% |
In the current month, the average price target of Cricut stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cricut's last price of $6.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 06, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Oct 17, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Jun 14, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| May 17, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Aug 13, 2021 | Morgan Stanley | Underweight | Downgrade |
Cricut's last stock rating was published by Goldman Sachs on Nov 06, 2024. The company gave CRCT a "Neutral" rating, the same as its previous rate.
Cricut Financial Forecast
Cricut Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $231.25M | - | $177.76M | $181.23M | $280.76M | $177.00M | $183.76M | $244.78M | $387.83M | $260.09M | $334.49M | $323.82M |
| Avg Forecast | $206.01M | $167.21M | $162.80M | $161.96M | $214.41M | $172.64M | $166.93M | $170.97M | $252.67M | $191.00M | $175.00M | $204.00M | $261.00M | $182.00M | $218.81M | $257.22M | $407.51M | $267.02M | $317.42M | $294.13M |
| High Forecast | $206.86M | $167.89M | $163.47M | $162.63M | $215.29M | $172.64M | $166.93M | $170.97M | $253.71M | $191.79M | $175.72M | $204.84M | $262.07M | $182.00M | $218.81M | $257.22M | $407.51M | $267.02M | $317.42M | $294.13M |
| Low Forecast | $205.16M | $166.52M | $162.13M | $161.30M | $213.53M | $172.64M | $166.93M | $170.97M | $251.63M | $190.21M | $174.28M | $203.16M | $259.93M | $182.00M | $218.81M | $257.22M | $407.51M | $267.02M | $317.42M | $294.13M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | 0.92% | - | 1.02% | 0.89% | 1.08% | 0.97% | 0.84% | 0.95% | 0.95% | 0.97% | 1.05% | 1.10% |
Cricut's average Quarter revenue forecast for Mar 24 based on 1 analysts is $170.97M, with a low forecast of $170.97M, and a high forecast of $170.97M. CRCT's average Quarter revenue forecast represents a -26.07% decrease compared to the company's last Quarter revenue of $231.25M (Dec 23).
Cricut EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | $16.52M | - | $26.74M | $17.42M | $18.21M | $25.13M | $20.03M | $37.44M | $31.82M | $42.82M | $68.53M | $68.59M |
| Avg Forecast | $32.35M | $26.26M | $25.57M | $25.44M | $33.67M | $27.11M | $26.22M | $26.85M | $39.68M | $30.00M | $27.48M | $32.04M | $40.99M | $27.88M | $33.52M | $37.40M | $62.42M | $40.90M | $48.62M | $58.79M |
| High Forecast | $32.49M | $26.37M | $25.67M | $25.54M | $33.81M | $27.11M | $26.22M | $26.85M | $39.85M | $30.12M | $27.60M | $32.17M | $41.16M | $27.88M | $33.52M | $44.88M | $62.42M | $40.90M | $48.62M | $70.55M |
| Low Forecast | $32.22M | $26.15M | $25.46M | $25.33M | $33.53M | $27.11M | $26.22M | $26.85M | $39.52M | $29.87M | $27.37M | $31.91M | $40.82M | $27.88M | $33.52M | $29.92M | $62.42M | $40.90M | $48.62M | $47.03M |
| Surprise % | - | - | - | - | - | - | - | - | 0.42% | - | 0.97% | 0.54% | 0.44% | 0.90% | 0.60% | 1.00% | 0.51% | 1.05% | 1.41% | 1.17% |
1 analysts predict CRCT's average Quarter EBITDA for Mar 24 to be $26.85M, with a high of $26.85M and a low of $26.85M. This is 62.55% upper than Cricut's previous annual EBITDA (Dec 23) of $16.52M.
Cricut Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | $11.29M | - | $16.02M | $9.10M | $10.89M | $12.44M | $13.83M | $23.50M | $11.92M | $30.00M | $49.13M | $49.42M |
| Avg Forecast | $10.79M | $13.25M | $20.72M | $19.41M | $8.82M | $10.63M | $10.75M | $12.09M | $12.41M | $15.19M | $12.94M | $15.10M | $13.48M | $15.35M | $18.85M | $23.50M | $51.53M | $34.15M | $46.61M | $42.36M |
| High Forecast | $10.85M | $13.32M | $20.83M | $19.51M | $8.87M | $10.65M | $10.77M | $12.10M | $12.47M | $15.23M | $13.01M | $15.18M | $13.55M | $15.35M | $18.85M | $28.20M | $51.53M | $34.15M | $46.61M | $50.83M |
| Low Forecast | $10.73M | $13.18M | $20.61M | $19.30M | $8.78M | $10.60M | $10.73M | $12.09M | $12.34M | $15.14M | $12.88M | $15.02M | $13.40M | $15.35M | $18.85M | $18.80M | $51.53M | $34.15M | $46.61M | $33.89M |
| Surprise % | - | - | - | - | - | - | - | - | 0.91% | - | 1.24% | 0.60% | 0.81% | 0.81% | 0.73% | 1.00% | 0.23% | 0.88% | 1.05% | 1.17% |
Cricut's average Quarter net income forecast for Mar 24 is $12.09M, with a range of $12.09M to $12.10M. CRCT's average Quarter net income forecast represents a 7.12% increase compared to the company's last Quarter net income of $11.29M (Dec 23).
Cricut SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | $65.53M | - | $52.06M | $48.34M | $54.93M | $45.67M | $45.34M | $47.08M | $56.00M | $43.78M | $45.54M | $39.91M |
| Avg Forecast | $35.28M | $28.64M | $27.88M | $27.74M | $36.72M | $29.57M | $28.59M | $29.28M | $43.27M | $32.71M | $29.97M | $34.94M | $44.70M | $31.17M | $37.48M | $47.08M | $69.79M | $45.73M | $54.36M | $34.21M |
| High Forecast | $35.43M | $28.76M | $28.00M | $27.85M | $36.87M | $29.57M | $28.59M | $29.28M | $43.45M | $32.85M | $30.10M | $35.08M | $44.88M | $31.17M | $37.48M | $56.50M | $69.79M | $45.73M | $54.36M | $41.05M |
| Low Forecast | $35.14M | $28.52M | $27.77M | $27.63M | $36.57M | $29.57M | $28.59M | $29.28M | $43.10M | $32.58M | $29.85M | $34.80M | $44.52M | $31.17M | $37.48M | $37.67M | $69.79M | $45.73M | $54.36M | $27.37M |
| Surprise % | - | - | - | - | - | - | - | - | 1.51% | - | 1.74% | 1.38% | 1.23% | 1.47% | 1.21% | 1.00% | 0.80% | 0.96% | 0.84% | 1.17% |
Cricut's average Quarter SG&A projection for Mar 24 is $29.28M, based on 1 Wall Street analysts, with a range of $29.28M to $29.28M. The forecast indicates a -55.31% fall compared to CRCT last annual SG&A of $65.53M (Dec 23).
Cricut EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | $0.05 | - | $0.07 | $0.04 | $0.05 | $0.06 | $0.06 | $0.11 | $0.06 | $0.14 | $0.24 | $0.24 |
| Avg Forecast | $0.05 | $0.06 | $0.10 | $0.09 | $0.04 | $0.05 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.09 | $0.11 | $0.24 | $0.16 | $0.21 | $0.21 |
| High Forecast | $0.05 | $0.06 | $0.10 | $0.09 | $0.04 | $0.05 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.09 | $0.11 | $0.24 | $0.16 | $0.21 | $0.21 |
| Low Forecast | $0.05 | $0.06 | $0.10 | $0.09 | $0.04 | $0.05 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.09 | $0.11 | $0.24 | $0.16 | $0.21 | $0.21 |
| Surprise % | - | - | - | - | - | - | - | - | 0.90% | - | 1.17% | 0.57% | 0.80% | 0.85% | 0.69% | 0.97% | 0.24% | 0.89% | 1.12% | 1.16% |
According to 1 Wall Street analysts, Cricut's projected average Quarter EPS for Mar 24 is $0.06, with a low estimate of $0.06 and a high estimate of $0.06. This represents a 8.62% increase compared to CRCT previous annual EPS of $0.05 (Dec 23).
Cricut Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ANET | Arista Networks | $112.95 | $400.00 | 254.14% | Buy |
| DM | Desktop Metal | $3.43 | $5.50 | 60.35% | Hold |
| SMCI | Super Micro Computer | $33.80 | $52.21 | 54.47% | Buy |
| SSYS | Stratasys | $9.99 | $12.50 | 25.13% | Buy |
| CRCT | Cricut | $6.38 | $5.75 | -9.87% | Hold |
| IONQ | IonQ | $43.84 | $20.00 | -54.38% | Buy |
| QMCO | Quantum | $23.72 | $7.50 | -68.38% | Hold |
| QBTS | D-Wave Quantum | $8.40 | $2.00 | -76.19% | Buy |
| RGTI | Rigetti Computing | $11.13 | $2.00 | -82.03% | Buy |