Echelon Wealth Partners analyst Andrew Semple reiterated a Buy rating on High Tide (HITI – Research Report) today and set a price target of C$9.00. The company’s shares closed yesterday at $1.24.
Semple covers the Consumer Cyclical sector, focusing on stocks such as High Tide, Verano Holdings, and Green Thumb Industries. According to TipRanks, Semple has an average return of -12.5% and a 20.53% success rate on recommended stocks.
Currently, the analyst consensus on High Tide is a Moderate Buy with an average price target of $6.80.
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The company has a one-year high of $2.42 and a one-year low of $1.03. Currently, High Tide has an average volume of 134.9K.
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High Tide, Inc. operates as a counterculture chain, which engages in the manufacture and retail of cannabis accessories. The firm operates through the Wholesale and Retail business segments. Its brands include: Famous Brandz, RGR, Smoker’s Corner, Canna Cabana, KushBar, and Kush West. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.
Read More on HITI:
- High Tide (TSXV:HITI) Beats Q2 Estimates, Reports 46% Revenue Growth
- High Tide reports Q2 EPS (2c) vs. (14c) a year ago
- High Tide Reports Third Consecutive Quarter of Record Revenue and Adjusted EBITDA of $118.1 Million and $6.6 Million, Respectively
- HITI Upcoming Earnings Report: What to Expect?
- High Tide to Announce Second Quarter 2023 Financial Results and Acquisition of Remaining Interest of FABCBD
