Barclays Maintains Underweight on Cricut, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has maintained an Underweight rating on Cricut (NASDAQ:CRCT) and reduced the price target from $6 to $4.

March 07, 2024 | 12:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays has maintained an Underweight rating on Cricut and lowered the price target from $6 to $4.
The reduction in price target by a significant financial institution like Barclays, especially with an Underweight rating, suggests a bearish outlook on Cricut's stock. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100