The Goldman Sachs Group Begins Coverage on Cricut (NASDAQ:CRCT)

The Goldman Sachs Group started coverage on shares of Cricut (NASDAQ:CRCT) in a research note issued to investors on Monday, Analyst Price Targets reports. The brokerage set a “buy” rating and a $35.00 price target on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 71.99% from the company’s current price.

Separately, Barclays initiated coverage on shares of Cricut in a research report on Monday. They issued an “overweight” rating and a $26.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, Cricut presently has a consensus rating of “Buy” and an average target price of $26.67.

Shares of NASDAQ:CRCT opened at $20.35 on Monday. Cricut has a fifty-two week low of $14.88 and a fifty-two week high of $24.85.

About Cricut

Cricut, Inc designs and markets a creativity platform that enables users to turn ideas into professional-looking handmade goods in the United States, Europe, and internationally. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company provides connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations under the Cricut brand.

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Analyst Recommendations for Cricut (NASDAQ:CRCT)

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