In a report released today, Eric Des Lauriers from Craig-Hallum maintained a Hold rating on GrowGeneration (GRWG – Research Report). The company’s shares closed yesterday at $3.74.
Des Lauriers covers the Basic Materials sector, focusing on stocks such as Curaleaf Holdings, Green Thumb Industries, and Trulieve Cannabis. According to TipRanks, Des Lauriers has an average return of 5.6% and a 32.39% success rate on recommended stocks.
Currently, the analyst consensus on GrowGeneration is a Moderate Buy with an average price target of $4.85.
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The company has a one-year high of $8.63 and a one-year low of $2.77. Currently, GrowGeneration has an average volume of 927.8K.
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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.
Read More on GRWG:
- GRWG Upcoming Earnings Report: What to Expect?
- GrowGeneration acquires store in Jackson, Michigan, no terms
- GrowGeneration acquires inventory, equipment from Community Garden & Greenhouse
- GrowGeneration price target lowered to $4.30 from $5.25 at Stifel
- GrowGeneration sees FY23 revenue $250M-$270M, consensus $270.7M
