UPDATE: Baird Starts Cricut, Inc. (CRCT) at Outperform
Get Alerts CRCT Hot Sheet
Rating Summary:
1 Buy, 2 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Baird analyst Mark Altschwager initiates coverage on Cricut, Inc. (NASDAQ: CRCT) with a Outperform rating and a price target of $26.00.
The analyst comments "Cricut is a differentiated creativity platform with an impressive financial profile (>20% EBITDA margins), accomplished management team, recurring revenue streams, and numerous structural tailwinds (personalization, digitization of tools, social/peer-to-peer commerce). With a healthy earnings growth outlook (+high-teens%) and shares trading at a discount to a premium consumer brand & connected platforms peer group (tough revenue comps in the near term as company cycles stay-at-home tailwinds), we see attractive 12-month risk/reward. Our $26 price target is based on ~18x NTM+1 EBITDA."
For an analyst ratings summary and ratings history on Cricut, Inc. click here. For more ratings news on Cricut, Inc. click here.
Shares of Cricut, Inc. closed at $20.00 yesterday.
You May Also Be Interested In
- Growth isn't weak enough to truly undercut inflation pressures - BMO
- Wells Fargo on Super Micro Computer (SMCI): 'No Positive Preannouncement
- Loop Capital Starts DoorDash Inc. (DASH) at Buy, 'Category Killer with Stellar Execution'
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
Robert W Baird, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!