In a report released today, Eric Des Lauriers from Craig-Hallum reiterated a Buy rating on urban-gro (UGRO – Research Report), with a price target of $6.00. The company’s shares closed last Friday at $1.34.
According to TipRanks, Des Lauriers is a 2-star analyst with an average return of 0.1% and a 32.61% success rate. Des Lauriers covers the Consumer Defensive sector, focusing on stocks such as Village Farms International, Mama’s Creations, and Turning Point Brands.
Currently, the analyst consensus on urban-gro is a Strong Buy with an average price target of $7.00, representing a 422.39% upside. In a report released on November 10, Maxim Group also maintained a Buy rating on the stock with a $4.00 price target.
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UGRO market cap is currently $15.64M and has a P/E ratio of -0.81.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UGRO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
urban-gro (UGRO) Company Description:
Urban-gro Inc is an agricultural solutions and ag-tech company focused on serving commercial cultivators around the world. It offers various equipment and products such as Pesticides & Equipment, Climate Control equipment, Fertigation products, Wastewater Treatment equipment and others.
Read More on UGRO:
- Urban-Gro sees Q4 revenue $30M, consensus $32.11M.
- Urban-Gro reports Q3 EPS (20c), consensus (26c)
- urban-gro, Inc. to Report Third Quarter 2023 Earnings Results on November 9, 2023
- Urban-Gro secures multiple contracts totaling more than $4.5M
- urban-gro, Inc. Secures Multiple Contracts Totaling More than $4.5 Million in the Industrial and Higher Education Sectors
