Cricut (CRCT) Stock Forecast, Price Target & Predictions

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CRCT Stock Forecast

Cricut stock forecast is as follows: an average price target of $8.25 (represents a 59.27% upside from CRCT’s last price of $5.18) 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 $8.25 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $5.75. This represents a potential 59.27% upside from CRCT's last price of $5.18.

CRCT Analyst Ratings

Hold

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%	11.00%
Jun 14, 2022	Erik Woodring	Morgan Stanley	$6.00	$6.70	-10.45%	15.83%
May 17, 2022	Katy Huberty	Morgan Stanley	$8.70	$8.83	-1.47%	67.95%
Mar 16, 2022	Mark Altschwager	Robert W. Baird	$13.00	$11.06	17.54%	150.97%

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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 11.00% increase from CRCT last price ($5.18).

Cricut Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	1
Avg Price Target	$5.75	$5.75	$5.75
Last Closing Price	$5.18	$5.18	$5.18
Upside/Downside	11.00%	11.00%	11.00%

In the current month, the average price target of Cricut stock is $5.75, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 11.00% increase as opposed to Cricut's last price of $5.18. This month's average price target is down 0.00% compared to last quarter, and down 0.00% 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

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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	$206.61M	$167.70M	$163.27M	$162.44M	$215.03M	$172.64M	$166.93M	$170.97M	$253.41M	$191.56M	$175.51M	$204.60M	$261.76M	$182.00M	$218.81M	$257.22M	$407.51M	$267.02M	$317.42M	$294.13M
Low Forecast	$205.41M	$166.72M	$162.32M	$161.49M	$213.78M	$172.64M	$166.93M	$170.97M	$251.93M	$190.44M	$174.49M	$203.40M	$260.24M	$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	$32.45M	$26.34M	$25.64M	$25.51M	$33.77M	$27.11M	$26.22M	$26.85M	$39.80M	$30.08M	$27.56M	$32.13M	$41.11M	$27.88M	$33.52M	$44.88M	$62.42M	$40.90M	$48.62M	$70.55M
Low Forecast	$32.26M	$26.18M	$25.49M	$25.36M	$33.57M	$27.11M	$26.22M	$26.85M	$39.57M	$29.91M	$27.40M	$31.95M	$40.87M	$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	$10.83M	$13.30M	$20.80M	$19.48M	$8.86M	$10.65M	$10.77M	$12.10M	$12.45M	$15.23M	$12.99M	$15.16M	$13.53M	$15.35M	$18.85M	$28.20M	$51.53M	$34.15M	$46.61M	$50.83M
Low Forecast	$10.75M	$13.20M	$20.64M	$19.33M	$8.79M	$10.60M	$10.73M	$12.09M	$12.36M	$15.14M	$12.90M	$15.05M	$13.43M	$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	$35.39M	$28.72M	$27.96M	$27.82M	$36.83M	$29.57M	$28.59M	$29.28M	$43.40M	$32.81M	$30.06M	$35.04M	$44.83M	$31.17M	$37.48M	$56.50M	$69.79M	$45.73M	$54.36M	$41.05M
Low Forecast	$35.18M	$28.55M	$27.80M	$27.66M	$36.61M	$29.57M	$28.59M	$29.28M	$43.15M	$32.62M	$29.88M	$34.84M	$44.57M	$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
SMCI	Super Micro Computer	$29.70	$529.36	1682.36%	Buy
RGTI	Rigetti Computing	$1.48	$3.00	102.70%	Buy
CRCT	Cricut	$5.18	$8.25	59.27%	Hold
QBTS	D-Wave Quantum	$1.97	$2.75	39.59%	Buy
SSYS	Stratasys	$9.39	$12.25	30.46%	Buy
DM	Desktop Metal	$4.40	$5.25	19.32%	Hold
ANET	Arista Networks	$404.97	$235.35	-41.88%	Buy
IONQ	IonQ	$32.78	$16.00	-51.19%	Buy
QMCO	Quantum	$4.02	$0.75	-81.34%	Hold

CRCT Forecast FAQ

Is Cricut a good buy?

No, according to 2 Wall Street analysts, Cricut (CRCT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of CRCT's total ratings.

What is CRCT's price target?

Cricut (CRCT) average price target is $8.25 with a range of $5.75 to $13, implying a 59.27% from its last price of $5.18. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Cricut stock go up soon?

According to Wall Street analysts' prediction for CRCT stock, the company can go up by 59.27% (from the last price of $5.18 to the average price target of $8.25), up by 150.97% based on the highest stock price target, and up by 11.00% based on the lowest stock price target.

Can Cricut stock reach $8?

CRCT's average twelve months analyst stock price target of $8.25 supports the claim that Cricut can reach $8 in the near future.

What is Cricut's current price target trend?

1 Wall Street analyst forecast a $5.75 price target for Cricut (CRCT) this month, up 11.00% from its last price of $5.18. Compared to the last 3 and 12 months, the average price target increased by 11.00% and increased by 11.00%, respectively.

What are Cricut's analysts' financial forecasts?

Cricut's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $724.94M (high $725.57M, low $724.32M), average EBITDA is $113.85M (high $113.95M, low $113.76M), average net income is $42.29M (high $42.37M, low $42.2M), average SG&A $124.16M (high $124.27M, low $124.05M), and average EPS is $0.196 (high $0.196, low $0.196). CRCT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $697.98M (high $700.01M, low $695.94M), average EBITDA is $109.62M (high $109.94M, low $109.3M), average net income is $64.16M (high $64.41M, low $63.92M), average SG&A $119.54M (high $119.89M, low $119.19M), and average EPS is $0.297 (high $0.299, low $0.296).

Did the CRCT's actual financial results beat the analysts' financial forecasts?

Based on Cricut's last annual report (Dec 2023), the company's revenue was $765.15M, which missed the average analysts forecast of $822.67M by -6.99%. Apple's EBITDA was $69.98M, missing the average prediction of $129.2M by -45.83%. The company's net income was $53.64M, missing the average estimation of $55.64M by -3.60%. Apple's SG&A was $208.26M, beating the average forecast of $140.9M by 47.81%. Lastly, the company's EPS was $0.24, missing the average prediction of $0.258 by -6.94%. In terms of the last quarterly report (Dec 2023), Cricut's revenue was $231.25M, missing the average analysts' forecast of $252.67M by -8.48%. The company's EBITDA was $16.52M, missing the average prediction of $39.68M by -58.37%. Cricut's net income was $11.29M, missing the average estimation of $12.41M by -9.01%. The company's SG&A was $65.53M, beating the average forecast of $43.27M by 51.42%. Lastly, the company's EPS was $0.0516, missing the average prediction of $0.0575 by -10.26%