CRCT - Cricut: Expect Poor FY2024 Performance To Drag Down Valuation
2024-03-22 12:42:27 ET
Summary
- Cricut is recommended as a sell due to poor performance and the expected valuation rerating.
- Recent results show a decline in revenue and user engagement, indicating weak consumer spending.
- The lack of capital return to shareholders and focus on reinvestment further support the sell rating.