In a report released today, Mark Smith from Lake Street maintained a Buy rating on GrowGeneration (GRWG – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $2.68.
According to TipRanks, Smith is a 5-star analyst with an average return of 16.6% and a 46.15% success rate. Smith covers the Consumer Cyclical sector, focusing on stocks such as Vista Outdoor, Clarus, and The ONE Group Hospitality.
Currently, the analyst consensus on GrowGeneration is a Moderate Buy with an average price target of $3.70.
The company has a one-year high of $5.00 and a one-year low of $1.77. Currently, GrowGeneration has an average volume of 1.39M.
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GrowGeneration (GRWG) Company Description:
GrowGeneration Corp. retails hydroponic and organic specialty gardening products. The company owns and operates a chain retail hydroponic and gardening stores and an online e-commerce store, HeavyGardens. Its stores sells various products, including organic nutrients and soils, advanced lighting technology, hydroponic and aquaponic equipment, and other products needed to grow indoors and outdoors. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Denver, CO.
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