Cricut downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Eric Sheridan downgraded Cricut (CRCT) to Sell from Neutral with a price target of $4.75, down from $5.50. The firm sees limited visibility into the company returning to sustainable 5%-plus revenue growth beyond 2026 despite its investments to reverse user engagement trends. The current consumer spend environment likely presents a “secondary headwind” to Cricut’s operating estimates in the next six months, the analyst tells investors in a research note.