Cricut (CRCT) Stock Forecast, Price Target & Predictions
CRCT Stock Forecast
Cricut stock forecast is as follows: an average price target of $9.50 (represents a 49.14% upside from CRCT’s last price of $6.37) and a rating consensus of 'Sell', based on 1 wall street analysts offering a 1-year stock forecast.
CRCT Price Target
The average price target for Cricut (CRCT) is $9.50 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $6.00. This represents a potential 49.14% upside from CRCT's last price of $6.37.
CRCT Analyst Ratings
According to 1 Wall Street analysts, Cricut's rating consensus is 'Sell'. The analyst rating breakdown for CRCT stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 0 'Hold' (0.00%), 1 'Sell' (100.00%), 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 |
|---|---|---|---|---|---|---|
| Jun 14, 2022 | Erik Woodring | Morgan Stanley | $6.00 | $6.70 | -10.45% | -5.81% |
| May 17, 2022 | Katy Huberty | Morgan Stanley | $8.70 | $8.83 | -1.47% | 36.58% |
| Mar 16, 2022 | Mark Altschwager | Robert W. Baird | $13.00 | $11.06 | 17.54% | 104.08% |
The latest Cricut stock forecast, released on Jun 14, 2022 by Erik Woodring from Morgan Stanley, set a price target of $6.00, which represents a -10.45% decrease from the stock price at the time of the forecast ($6.70), and a -5.81% decrease from CRCT last price ($6.37).
Cricut Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $6.37 | $6.37 | $6.37 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
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 $6.37. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Morgan Stanley on Oct 17, 2022. The company gave CRCT a "Underweight" 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 | $214.69M | $206.08M | $161.49M | $167.06M | $231.16M | $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 | $214.69M | $206.08M | $161.49M | $167.06M | $231.16M | $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 |
| Low Forecast | $214.69M | $206.08M | $161.49M | $167.06M | $231.16M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 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 | 2 | 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 | $32.89M | $31.57M | $24.74M | $25.59M | $35.41M | $26.45M | $25.57M | $26.19M | $38.71M | $29.26M | $26.81M | $31.25M | $39.98M | $27.88M | $33.52M | $37.40M | $62.42M | $40.90M | $48.62M | $58.79M |
| High Forecast | $32.89M | $31.57M | $24.74M | $25.59M | $35.41M | $26.45M | $25.57M | $26.19M | $38.71M | $29.26M | $26.81M | $31.25M | $39.98M | $27.88M | $33.52M | $44.88M | $62.42M | $40.90M | $48.62M | $70.55M |
| Low Forecast | $32.89M | $31.57M | $24.74M | $25.59M | $35.41M | $26.45M | $25.57M | $26.19M | $38.71M | $29.26M | $26.81M | $31.25M | $39.98M | $27.88M | $33.52M | $29.92M | $62.42M | $40.90M | $48.62M | $47.03M |
| Surprise % | - | - | - | - | - | - | - | - | 0.43% | - | 1.00% | 0.56% | 0.46% | 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 $26.19M, with a high of $26.19M and a low of $26.19M. This is 58.55% 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 | 2 | 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 | $11.96M | $15.23M | $20.31M | $19.18M | $8.21M | $10.71M | $10.83M | $12.19M | $12.51M | $15.31M | $13.05M | $15.23M | $13.59M | $15.35M | $18.85M | $23.50M | $51.53M | $34.15M | $46.61M | $42.36M |
| High Forecast | $11.96M | $15.23M | $20.31M | $19.18M | $8.21M | $10.71M | $10.85M | $12.20M | $12.51M | $15.35M | $13.05M | $15.23M | $13.59M | $15.35M | $18.85M | $28.20M | $51.53M | $34.15M | $46.61M | $50.83M |
| Low Forecast | $11.96M | $15.23M | $20.31M | $19.18M | $8.21M | $10.71M | $10.81M | $12.19M | $12.51M | $15.27M | $13.05M | $15.23M | $13.59M | $15.35M | $18.85M | $18.80M | $51.53M | $34.15M | $46.61M | $33.89M |
| Surprise % | - | - | - | - | - | - | - | - | 0.90% | - | 1.23% | 0.60% | 0.80% | 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 $12.19M, with a range of $12.19M to $12.20M. CRCT's average Quarter net income forecast represents a 7.99% 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 | 2 | 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 | $36.77M | $35.29M | $27.66M | $28.61M | $39.59M | $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 | $36.77M | $35.29M | $27.66M | $28.61M | $39.59M | $29.57M | $28.59M | $29.28M | $43.27M | $32.71M | $29.97M | $34.94M | $44.70M | $31.17M | $37.48M | $56.50M | $69.79M | $45.73M | $54.36M | $41.05M |
| Low Forecast | $36.77M | $35.29M | $27.66M | $28.61M | $39.59M | $29.57M | $28.59M | $29.28M | $43.27M | $32.71M | $29.97M | $34.94M | $44.70M | $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 | 2 | 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 | $0.06 | $0.07 | $0.09 | $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 | $0.06 | $0.07 | $0.09 | $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 | $0.06 | $0.07 | $0.09 | $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 | $26.03 | $625.73 | 2303.88% | Buy |
| QBTS | D-Wave Quantum | $1.00 | $2.75 | 175.00% | Buy |
| RGTI | Rigetti Computing | $1.13 | $3.00 | 165.49% | Buy |
| SSYS | Stratasys | $7.13 | $12.25 | 71.81% | Buy |
| CRCT | Cricut | $6.37 | $9.50 | 49.14% | Sell |
| DM | Desktop Metal | $4.92 | $5.25 | 6.71% | Hold |
| IONQ | IonQ | $14.37 | $12.00 | -16.49% | Buy |
| ANET | Arista Networks | $394.88 | $235.35 | -40.40% | Buy |
| QMCO | Quantum | $3.86 | $0.75 | -80.57% | Hold |
CRCT Forecast FAQ
Is Cricut a good buy?
No, according to 1 Wall Street analysts, Cricut (CRCT) is considered a 'Sell'. 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 $9.5 with a range of $6 to $13, implying a 49.14% from its last price of $6.37. The data is based on 1 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 49.14% (from the last price of $6.37 to the average price target of $9.5), up by 104.08% based on the highest stock price target, and down by -5.81% based on the lowest stock price target.
Can Cricut stock reach $10?
CRCT's highest twelve months analyst stock price target of $13 supports the claim that Cricut can reach $10 in the near future.
What are Cricut's analysts' financial forecasts?
Cricut's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $741.7M (high $741.7M, low $741.7M), average EBITDA is $113.62M (high $113.62M, low $113.62M), average net income is $41.95M (high $41.97M, low $41.92M), average SG&A $127.03M (high $127.03M, low $127.03M), and average EPS is $0.193 (high $0.193, low $0.193). CRCT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $749.33M (high $749.33M, low $749.33M), average EBITDA is $114.79M (high $114.79M, low $114.79M), average net income is $66.68M (high $66.68M, low $66.68M), average SG&A $128.34M (high $128.34M, low $128.34M), and average EPS is $0.307 (high $0.307, low $0.307).
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 $126.02M by -44.47%. The company's net income was $53.64M, missing the average estimation of $56.09M by -4.38%. 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 $38.71M by -57.32%. Cricut's net income was $11.29M, missing the average estimation of $12.51M by -9.74%. 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%