Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Cricut (CRCT) to $3.25 from $3 and keeps a Sell rating on the shares. The company’s Q4 report framed a few key themes, including positive subscriber trends and continued profitability despite declining y/y revenue, along with product innovation that remains a strategic priority with multiple hardware launches, the analyst tells investors in a research note.
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