Why Cricut Stock Soared on Monday

Shares of Cricut (NASDAQ: CRCT) have soared today, up by 13% as of 11 a.m. EDT, after getting a slew of bullish initiations from Wall Street. The coverage comes several weeks after the company went public with a traditional IPO at the end of March.

Here's a summary of the five analysts that initiated coverage on Cricut this morning:

The Cricut Maker cutting machine for crafts materials. Image source: Cricut.

Source Fool.com